Swing Trades DAX/DOW/NQ/GOLD

MNQ L 14.625 from +1.5% zone
T1 +19/21p 5 lot
1 left/SL BE
Closed +15p last lot at SL

ES dropped to -1.0% 4230

Long 4232
T1 +3p 4 lot
4 left

Closed BE last lots

Both NQ & ES could drop to DS2 zone 14.600 & 4220 (or deeper to 14.500 MS1 & 4200 MS2 & 200 SMA)

So far NQ -1.5% holds and ES -1.0% holds. For how long?

MNQ counter L 14.647 (DS2 & -1.5% were SP zone)
T1 +15/16p 4 lot
4 left
T2 +24p 3 lot
1 left
Closed +18/19p last lot

MNQ Short 14.648 last lot
+30p locked
Closed +30p last lot

They try to hold the -+1.5%

MNQ Sh Again 14.615 last lot

At DS2 now (SP zone)

Closed +14/15p at 600 zone last lot

If 600 /DS2 gets broken it could drop to 500>>>475

MNQ Sh again 14.953
T1 +9/10p 3 lot
1 left SL BE
Closed BE last lot

NQ tries to stay above the Oct 23 low 14.520 zone/make a higher low (or make a double low with Oct 23 low)

Same SnP

NQ Mini L 14.473.5 1 lot for 14.500 target

Closed +10p 1 lot

Markets are heavy oversold

MNQ L 14.486 last 4 lot
(from -2.5%)

T2 +17p 3 lot
1 left/SL BE

Target 14.450/-2.0%
Closed +21/22p last lot

To get above 500 now is a difficult task.

ES Mini L 4208 1 lot from -1.5% & MS1

Closed +4p 1lot

NQ Mini L 14.472 2 lot from -2.5% (450 rejected 4 times)

T1 +12p 1 lot
1 left
Closed +9p last lot


Still last 2 MNQ Long14.475 for 500 zone
T2 +25p at 500
1 Left SL BE

NQ & SnP have D GAPs & TPO GAPs to close up to their yest lows

DAX

D GAP to close up to Y low 875 zone. Y close at 14.980 zone

Down to 14.750/-1.5% and 14.700/675 WS1/-2.0% zone

DAX tested the MS2/-1.5% again and popped from there.

Made a higher low from Oct 23 low 14.715 (so far).

MNQ Long 14.332 from DS1 zone
T1 +15/16p 4 lot
1 left SL BE
Closed +10p last lot

Target Yest low 14.450

NQ Mini Short 14.315
T1 +9p 1 lot
1 left SL BE

Closed +7p last lot. 300 = SP zone

D GAP up to 14.450 Y low

US ECONOMY
The U.S. consumer is ‘walking towards a cliff,’

Trouble is brewing for the U.S. consumer, according to one strategist, and a substantial labor market downturn could kickstart a recession.

A slew of recent economic indicators had showed consumers are quickly running out of excess cash, while household savings are coming under pressure.

Many strategists, asset managers and CEOs remain concerned about the longer-term economic outlook and will continue to closely monitor forward-looking signals for clues on whether the U.S. can avoid a recession.

We see at the margins the consumer is under a lot of pressure and, in fact, the labor market is under a lot of pressure as well. We’re going to get to the point in the next few months when I think the labor market starts to deteriorate more meaningfully and that’ll kickstart the recession when we get there.

Tech has been under a lot of pressure since July, and the stock market is struggling to know really exactly where it wants to go.

MNQ L 14.373 last lot (reversed H&S pattern)

D GAP close try

400/-0.5% RS zone/Closed +22p last lot

DAX

H&S Pattern from 6<>17 October

Double bottom 20<>26 october at MS2?