The Weekly Wrap-up | July 17, 2026

Summarize the following YouTube trading video transcript. Extract:
- Stock tickers mentioned and any price levels (support, resistance, targets, stop-losses) associated with each
- Key trading strategy
- Indicators used
- Entry/exit rules and suggested trades
- Timeframes mentioned
- Risk management tips
Format the summary in clear bullet points.

Transcript:
{transcript}

**Summary:** - **Stock Tickers & Price Levels:** - S&P 500: Resistance at recent highs, support at parallel trend lines (2020 COVID low and 2025 low). - First hit of trend line: ~10-20% chance of breaking down. - Second hit of trend line: ~30-40% chance of breaking down. - Third hit of trend line: ~50% chance of breaking down. - SanDisk (SNDK): Support zone around $1285-$1200, with Fibonacci 618 retrace level at $1235. - Micron (MU): Support at $750 (gap fill level), with recent lows around $76-$77. - STX (Seagate Technology): Support at pivot low around $80. - NASDAQ: Weighted towards semiconductors, which experienced significant drawdowns. - **Key Trading Strategy:** - Gareth Soloway believes the top is in for semiconductors and expects further downside but sees opportunities for bounces in the near term. - He is looking for bounces in semiconductors around support zones, with a focus on SanDisk and Micron. - **Indicators Used:** - Parallel trend lines on S&P 500. - Fibonacci retracement levels on SanDisk and Micron. - Pivot points and gap fills on STX and Micron. - **Entry/Exit Rules & Suggested Trades:** - **SanDisk (SNDK):** Buy around $1285-$1200 with a stop-loss below the recent lows. - **Micron (MU):** Buy around $750 with a stop-loss below the recent lows. - **STX (Seagate Technology):** Buy around $80 with a stop-loss below the recent lows. - **S&P 500:** Potential short position if the index breaks down below the parallel trend lines. - **Timeframes Mentioned:** - Intraday action on S&P 500. - Weekly performance for semiconductors and S&P 500. - Next week's outlook for semiconductors and S&P 500. - **Risk Management Tips:** - Use stop-loss orders to manage risk. - Be aware of the increasing likelihood of trend line breaks with each hit. - Learn how institutions play the game to anticipate market movements.