Swing Trades DAX/DOW/NQ/GOLD

ES Mini short 4518 2 lot
T1 +2p 1 lot
1 Left
Closed +2.5p at YEst close

Ahead of a long US weekend there could be some profit taking, but first have to wait for the US data today

MYM & MES last lots running

MYM closed at M VWAP/WR2 zone
MES closed BE last lot

Slow start to September
U.S. markets are closed Monday for Labor Day and economic data coming out this week is on the light side. The heavy hitters, like the consumer and producer price indexes, will only be released later in the month.

The U.S. economy added more jobs than expected in August, but the overall unemployment rate rose.

U.S. nonfarm payrolls for August increased by 187,000, above the 170,000 estimate. However, the unemployment rate jumped from 3.5% last month to 3.8%

If the unemployment rate goes up, that means the proportion of people looking for a job compared with the total labor force has grown. For the unemployment rate to go up even as there were 187,000 more jobs in August means there were more people who started looking for a job than people who secured one. The implication: The total labor force grew in August.

U.S. markets are closed today, so we’ll have to wait to see if they can sustain this momentum and defy September’s reputation as the worst month for stocks.

MYM Short 34.806 10 lot.
T1 +11/13p 8 lot
2 left/SL BE zone

YM short 34.810 2 lot
Closed +15/17pp both lot.

FDXS Short 15.865 5 lot
All closed at DS1 -0.25% zone 15.825

US markets recovered +/-50%/60% of their August plunge.

And September could be worse? Time will tell.
Futures expiration end of the Month.

DOW needs to get above 35.000 again or pull back to 34.700 (little TPO GAP)>>34.500
DOW is the weaksest of all. Pulled back to its 200 SMA in August and lifted again.

SnP needs to stay serious above 4500 to lift to 4600 or pull back to close the TPO GAP down to 4450 zone

NQ needs to pop/stay above 15.500 to lift to 15.800>>>16.000 again or pull back to 15.200/150 zone/close TPO GAP

SnP & NQ pulled back to their 100 SMA lines in august and lifted again.

Prices recovered from their August plunge and are back between the 2 solid MA lines (whales mouth)

Long Swing trades above the 2 solid MA lines (MoMentum)
Short Swing trades below the 2 solid MA lines (MoMentum)

Scalping between the 2 MA lines

More detailed.

Little Head & Shoulders patterns but to premature to confirm

DAX follows the US markets (of course)

Pulled back from the 16K zone and the price is between the 2 Swing MA lines in chop zone now. (yellow circle on the Daily chart) Same as US markets.

Inside the Yellow circle scalping. Outside likely/most of the times more momentum

Needs a BO above 16.000 or a drop/BO below 15.700 (200 SMA)

NQ Mini Short 15.495
T1 +18p at -0.25% 1 lot
1 left and +15p locked in
Closed +15p last lot

Still last 2 MNQ Micro lots running for 15.460<>15.440 -0.5%
So far 15.480 -0.25%/DS1 is SP zone

Added 4 more Sell short lot to the last init. 2 lots
Closed 5 lot at DS2 15.455.
1 left for 15.440/-0.5% zone
DS2 15.450 zone is SP now

DAX dropped to the 15.700 BRN and WS1 zone.
Hit & rejected the DS2 so far.

Next down target 15.680/670 Close Aug 25th
Next 15.600 -1.5% zone

If everybody tells that September will be the worst Month for stocks/indexes statistically, it could become a self fulflilling idea.

Anyway a good start Today to become the worst month of the year for stocks/indexes.

SnP at 4500
Next down target 4495<>4490 WPP/DS3

NQ maybe to 15.400/380 WPP/DS3

DOW to 34.600<>500 if it BO below the 34.750 zone

US markets (and DAX) still Bullish, but prices are inside the 2 MA lines (whales mouth).
As long as the prices are not outside the 2 MA lines, usually chop/sideways congested moves till it BO at some point..

TPO GAPs have to be closed/covered.
A pull back to the TPO GAPs would ne roughly 50% pull back of last weeks up move

Anything can happen during roll over weeks this month

FDXM Long 15.755 4 lot
T1 +18/19p 3 lot
1 left +10p locked in last

Rejected the DS2/700 with 2 tail bars posted before.
Also followed the DOW with some up ticking

Closed +10p last lot
DAX remains inside RTH OR so far

If US lifts again later, the DAX could try to reach yest close @ 15.830 ETH OR

Still 2 lot FDXS running from 15.760
SL BE
Target Yest close 15.830/850 zone

CNBC:

U.S. Treasury yields climbed on Tuesday as markets reopened after the Labor Day holiday and investors considered what could be next for the economy following last week’s key data releases.
At 4 a.m. ET, the yield on the 10-year Treasury was up by over four basis points to 4.2182%.

Yields and prices move in opposite directions

FDXM Last lot long of 2 lot from 15.788
+30p locked in last lot

Price near Yest close now

Closed +36p last FDXM lot

Next target 15.870<>880

Still 2 lot FDXS running from 15.760
SL BE
Target Yest close 15.830/850 zone
T2 +65p 1 lot
1 left/+50p locked in last lot
Closed +82p last lot at Wk VWAP level

Eurozone economy contracts at faster pace in August as services activity tips into decline

Sharpest downturn in French service sector activity for two-and-a-half years in August

UK business activity falls for the first time since January

Spain's service sector contracts for the first time since last October

Italian business activity down in August

Europe is not doing so well now.

NQ Mini short 15.470 2 lot
T1 +6p
1 left SL BE
Hovering at a 50 level......
Closed +19/20p last lot


NQ is below 15.500 BRN.
See if there is more selling from here

SnP just above the 4500. Needs to drop below for some more MM

DOW 34.800 is SP so far
Price locked between MPP 34.900<>WPP 34.800

ES Mini short 4516
T1 +4p 1 lot
1 left/SL BE
Closed +3p last lot

SP just below of DS1 & DS2.
Levels are close together due to Yest half day trading

Only Scalping in this area.