'Late Stage Bull Market'; Trader Reveals Next Asset To Fall 40% | Gareth Soloway
Speakers
Gareth Soloway
— President of Verified Investing
Summary
Gareth Soloway discusses a late-stage bull market, shorting the S&P 500 and Bitcoin with clear technical targets. He is bullish on natural gas as a catch-up trade and bearish on Micron. He also provides gold buy levels on pullbacks and analyzes macro drivers like capex spending and oil prices.
- S&P 500 at all-time highs but breadth weak; Gareth is shorting into resistance.
- Bitcoin shows a bear flag; target $50,000.
- Natural gas has a potential breakout; Gareth is long.
- Micron has a parallel resistance; expected drop to $350.
- Gold is near-term bearish but long-term bullish; buy at $3,900/$3,500.
- Capex spending by mega-caps is keeping the economy afloat but may be unsustainable.
- Late-stage bull market comparisons to 2000 dot-com bubble.
- Oil spike is transitory; eventual resolution expected by midterms.
Trade Ideas
Short S&P 500, late-stage bull market.
The S&P 500 is in a late-stage bull market with narrow leadership, similar to 2000. The index is testing the upper trendline of a parallel channel. Gareth is shorting into resistance, expecting a pullback or reversal. He uses a leg-in approach.
Buy gold on pullback to $3,900.
Gold is currently trading as a risk asset and is near-term bearish, but longer-term bullish due to fiscal concerns. He is neutral for swing trading but will buy on pullbacks to key support levels at $3,900 and $3,500.
Short Micron, target $350.
Micron Technology is hitting a parallel channel resistance with negative RSI divergence. He expects a reversal back to the lower channel at $350, a drop of about $200.
Bitcoin bear flag, target $50,000.
Bitcoin shows a bear flag pattern after its decline; a sideways consolidation with a slight upward tilt typically resolves lower. He sees limited upside unless above $85,000 and expects a drop to about $50,000 (38% decline).
Long natural gas, breakout above $2.88.
Natural gas is a catch-up trade as oil declines; data centers may drive demand. He sees a potential breakout above $2.88 and is long, putting money behind it.
Up Next
This The David Lin Report video, published May 03, 2026, features Gareth Soloway discussing SPY, GOLD, MU, BTC, UNG. 5 trade ideas extracted by AI with direction and confidence scoring.