Swing Trades DAX/DOW/NQ/GOLD

ES Mini closed +6p 2 lot. GAP closed

MNQ closed +42p last lot

All at RS levels just above

US markets in a roll over week. Trading new 12-2023 contracts now.

US markets pulled back +/- 50% from the last week Aug rally.
Now markets are waiting between MA lines (whale pattern) for US data and roll over what the new direction will be.
Need a BO that congestion zone North or South. Scalping zone now.

Wednesday US CPI
Thursday US PPI/Retail sales

Futures Roll Over

DAX also waiting for a BO above/below MA lines.

Roll over 1 week later then the US markets

MNQ Long 15.535 last 2 lot
T2 +16p 1 lot
1 left/SL BE
Closed +20/21p last lot

NQ Mini closed +17p 1 lot

MYM Long 34.958 last 4 lot
T2 +40p 2 lot
2 left SL BE

YM (Mini) Long closed +35p 2 lot

MES Long 4518.5 last 2 lot
T2 +4p 1 lot
1 left SL BE

ES Mini long closed +3p 1 lot

FDXS Long 15780 above WPP/M VWAP
T1 +35p 3 lot
1 left/+20p locked in last lot (SL at Fridays high)
Closed +20p last lot

Target 15.840 DR1/+0.5%

Still trading in old 09-2023 contract. Very little trading in the new one

FDXM Long again last lot 15.812

Closed +14/15p last lot at +0.5%/DR1 zone

If the price can break the DR1, next target 4535 +0.5%/M VWAP

+10p locked in
At +0.5%/M VWAP zone target
Closed +10p last lot

Price at DR1/+0.5% now. Likely RS zone

Above 35K now
Next busstop 35.050>>> 35.100 DR2/+0.5%

+50p locked in last 2 lot
Closed +90p at 050 zone

DAX gone wait and see if the US can/will break out above mentioned RS levels

US needs to work its way up above MA lines/VWAP lines.
In these wedges/triangle locked prices you need to Scalp trade your way out (up or down) till it realy Breaks Out.
Most of the times there will be MM outside the wedg/triangle lines/MA lines (whales mouth pattern)

Roll over in progress. Could cause weird moves now and then. So just scalping between all the lines so far.

DAX Long again above DR1/+0.5%/Open Range 15.845.
FDXS T1 +15p 3 lot
1 left SL BE
Closed BE last lot

Target 900<>910 +1.0%

(Bloomberg) -- After staving off recession for longer than many thought possible, the US consumer is finally about to crack, according to Bloomberg’s latest Markets Live Pulse survey.

More than half of 526 respondents said that personal consumption — the most important driver of economic growth — will shrink in early 2024, which would be the first quarterly decline since the onset of the pandemic. Another 21% said the reversal will happen even sooner, in the last quarter of this year, as high borrowing costs eat into household budgets while Covid-era savings run down.

The finding is at odds with the optimism that’s permeated US equity markets for most of the summer, as cooling inflation and low unemployment bolstered hopes for a so-called soft landing. Should the economy stop growing — a scenario that’s quite likely if consumer spending contracts — it could mean more downside for stocks, which have already slipped from late-July highs.


Right now, the US economy appears to be speeding up rather than stalling. Growth is forecast to accelerate in the third quarter on the back of a recent pickup in household spending, which jumped in July by the most in six months.

There’s increasingly an issue where the lower end of the income and wealth spectrum is really struggling with the accumulated inflation of the last couple years,
consumers have been able to bend under the weight of higher prices, he said. “But there will come a point where that’s no longer feasible.
Delinquency rates on credit cards and auto loans are rising, as households feel the financial squeeze after the Fed raised interest rates by more than 5 percentage points.

MNQ closed +24p at +1.0% zone last lot
MES closed BE last lot
MYM closed at DR2/+0.5% zone +88/92p last 4 lot

Onlt the DOW is BO its congested zone so far

US markets bounced off the upside of the Bear Flag channel as well

NQ & SnP still in congestion zone. Move up slowly all morning and then one violent pull back to errase all SLs.
DOW pulled back in the congested zone as well.

No Momentum. Just short track scalping

FDXM Long 2 lot 15.823
T1 +11/12p 1 lot
1 left/SL BE zone
Closed +14/15p last lot

FDXS Long 15.825 4 lot
T1 +15p 3 lot
1 left/SL BE

Needs a BO above 860 to 925>>950/960 WR1

MNQ Long 15.594

T2 +53p 2 lot
2 left at +1.0%.

Next 15.675 DR2
Next 15.725 WR1/Close Sept 5th

MYM Long 35.016