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Today the overall market is still oscillating at a high level. Before the CPI release, I don't expect a clear one-sided move; it will mostly fluctuate around key levels. The directional choice will most likely wait until Wednesday's CPI release. S&P The S&P is less than 0.5% away from the all-time high of 776.81, but multiple attempts to break through 775–777 have failed, showing some short-term double top signs. The most important level here is 776.85. Only a volume-backed breakout and hold above this can completely negate the daily chart top risk and continue to set new all-time highs. On the downside, first watch 771.5–772, then 770 and 767.8. If 767.8 breaks, the 1-hour double top is basically confirmed, so be cautious of a further daily-level pullback. The most comfortable re-entry zone is 755–760, where multiple supports converge. $QQQ Currently weaker than SPY, still some distance from the previous high at $748. On the downside, key supports are near the daily EMA21 around 706, the 701.59 gap, and the 700 psychological level, which overlap. If the gap is filled and the price stabilizes around CPI, that would be very positive. As long as the 700 area holds, this pullback is a fresh buying opportunity. $NVDA Dropped nearly 3% today and broke below the previous day's low of $220.66. No rush to buy here; first watch $214, then the daily EMA21. The 210–216 range is a good dip-buy zone. If it holds, we could see the previous high of 236 before earnings. The long-term AI CapEx thesis remains intact, but short-term overextension calls for a shakeout. Wait for a stop-loss signal near support before buying again. Moreover, long-term capital for AI infrastructure is still flowing in. Apollo, Blackstone, BlackRock, Goldman Sachs, and others are pushing a global AI infrastructure financing plan that could reach $500 billion, providing long-term support for GPUs, data centers, and the entire AI industry chain. The data center sector has been quite volatile recently. $CIFR, $NBIS, $IREN have been under pressure lately. One disturbance comes from the Texas power grid audit, with market concerns that future data center power approvals and expansions may face stricter regulations. Preliminary results are expected around August 20. But more importantly in the short term are this week's earnings for $CRWV and $NBIS. Orders, backlog, CapEx, and expansion guidance will impact the entire AI data center sector. If demand remains strong, $CIFR and $IREN could recover. Otherwise, valuations might continue to be cut. So for now, this sector is waiting for catalysts to confirm direction. $TSLA is moving more independently. After breaking 329.57, the daily chart formed a clear reversal pivot, and the weekly chart shows a bottom pattern similar to a Morning Star/Hammer. The first target is 342, near EMA21. After breaking this, the next resistance is the $372 gap. If you have positions near 342, consider taking some profits, and hold the rest to see if it can reach $372. $PLTR Previous short-term bearish signals have been invalidated; the bullish trend is very strong. Don't short against the trend on this stock. However, it's currently far from support and has already risen significantly, so it's neither good to short nor to chase. Continued gains are not surprising, but new entries have average odds. Waiting for a decent pullback is more comfortable. Finally, about $GLD. Gold remains strong after breaking 400, and seasonally August to early September is usually strong, so continue to be bullish. The next target is 4500; only a breakout there will open the way to 5000. Without a breakout, expect a pullback to the daily EMA21 for consolidation. Additionally, global tech fund inflows have exceeded $131 billion this year, setting a record. So the market's problem now is not a lack of money but high short-term levels and full expectations, needing new catalysts to push further. This is why this week's CPI is so critical. Wednesday's CPI is followed by PPI, retail sales, and the Michigan consumer sentiment index. Before the data release, I lean toward the market maintaining high-level oscillation. After the data lands, we will see which direction the market chooses. #本周三CPI公布，9月加息定价会改写吗？