#Soloway
Three events decide this week: core PCE Wednesday at 8:30am, NVIDIA after the bell Wednesday, and Kevin Warsh at Jackson Hole Friday — the last major word before the September 16 Fed meeting. Gareth Soloway maps the levels into all three, plus gold's run into major resistance and why Bitcoin is due a pullback after tagging $80,000.
📐 TODAY'S GAME PLAN
🔴 THE SEMIS — Samsung disappointed on capital returns and the KOSPI fell 3.5%, bleeding into US chips. Gareth sees a big down move as the flagpole and a bearish inside bar that may be a bear flag. Limited damage today, fireworks Wednesday after the close.
🔵 SPY — Boxed between resistance near 7,850 and support near 7,360, both long-term lines: an ascending line back to 2024 through multiple pivot highs, and old resistance that now acts as support. Above the pivot near 7,570 he stays bullish and expects a retest of the upper.
🔴 YIELDS — Last week's real story was not the intervention, it was yields going right back up the next day. A pellet gun, not a bazooka — the market laughed at controlling $40 trillion in debt with $2 billion in buys. Gareth's question for Warsh on Friday: did the Fed sign off on this, or was that Bessent alone?
🔵 BABA — Down on a discounted equity sale to fund AI, dilutive on top of last week's weak earnings. The chart points to a retrace to the scene of the crime with a gap fill near $115, a viable long swing. Watching, not buying.
🔵 DAY TRADES ONLY — Lumentum near $8.20 with the unfilled gap at $7.80. AAOI slid from $125 to near $108; he wants a pierce of $100 or he ignores it. PDD is up on earnings — he will not short a compressed spring at the $93 gap fill, but $96.60–$97 is extended enough.
🟢 GOLD — Up another 1.6% and 18.5% off the $3,900 low in two weeks. The level is here: a trend line off two pivot lows, the 0.50 fib from the all-time high, and a pivot high converging between $4,700 and $4,760. As a gold bull he wants shallow consolidation, not a drop.
🟢 SILVER / NATGAS — Silver runs into resistance at $71–$71.50, with $79 next if it clears. Natural gas attacks the same trend line again — how many times can sellers reject it before it goes?
🔴 BITCOIN — Tagged the trend line off three pivot lows Friday and pulled back. Heavy resistance sits at $80,000, and on probability alone Gareth expects a 50% retrace into $71,000–$73,000 before any next leg.
🔑 KEY TAKEAWAY: A tit-for-tat trade war with Canada opened over the weekend and the market barely blinked. That is the tell — nothing matters until Wednesday. Inflation at 8:30, NVIDIA at the close, and the rest is reaction.
⏱ TIMESTAMPS (estimated)
00:00 Three Events That Decide the Week
03:00 The Trade War Nobody Is Trading
05:00 Samsung, the KOSPI, and the Semis
08:00 S&P: Two Long-Term Lines
11:00 Why the Bond Intervention Failed
13:30 Alibaba's Dilution and $115
16:00 Lumentum, AAOI, and PDD Day Trades
21:00 Gold Into $4,700–$4,760
25:00 Silver and Natural Gas
27:00 Bitcoin: The Pullback He Expects
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@garethsolowayprotrader
#StockMarket #Trading #Nvidia #JacksonHole #PCE #Gold #Silver #Bitcoin #Semiconductors #Alibaba #Yields #SP500 #DayTrading
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Investors Fret Over New Tariff Spat, Inflation Data, NVDA Earnings & Jackson Hole
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1August 24, 2026 107 1
