Swing Trades DAX/DOW/NQ/GOLD

SnP maybe further down to 5460/5450 -1.0% & DS2

NQ maybe further down to 18.700 -1.5% & DS2 18.660/650

Possible up targets Weekly POCs zones. 18.900 & 5520

Economy


Friday’s jobs report for August is going to be huge.

 

1. Wall Street is gearing up for one of the most important economic releases of the year Friday.
2. The consensus is for the nonfarm payrolls report to show growth of 161,000 for August and a slight decline in the unemployment rate to 4.2%.
3. Markets are certain the Fed will start lowering interest rates in a couple weeks, with the possibility of a jumbo cut depending on what Friday’s report shows.

Layoffs jump in August while hiring in 2024 is at a historic low

 

1. Layoffs soared in August, hitting their highest total for the month in 15 years, while year-to-date hiring hit the lowest in the 19 years of a Challenger, Gray & Christmas survey.
2. The report showed the biggest growth in planned layoffs came in the technology field, with companies announcing 41,829 cuts, the most in 20 months.

ES MIni closed +5.5p

MNQ closed just below 950

ES Mini Closed +9.5/10p 1 lot

T1 +27/29p 6 lot. 2 left
T2 +65p 1 lot. 1 left
Last closed +28p

SnP to -1.0%

NQ to -2.0%?

ES Mini closed +19p close to -1.0% SP zone

MNQ +100p locked in last lot
Closed at target -2.0% zone 130/132p last lot. (To early )

S&P 500 falls 1% Friday, heads for worst week in a year on tech selling, weak jobs report.

Europe Markets
European stocks end week down 2.5%, worst since early August slump

MNQ counter long 5 lot from -2.5%

T1 +18<>22p 4 lot
1 left and closed BE

No higher low yet

MNQ counter Scalp long 18.422 last lot

Last lot closed +25p at Fridays close zone

ES Mini counter Scalp long 5414 1 lot

CLosed +4p at Fridays close zone

Markets were and are still Bearish. They recovered 30%/40% of last week Weekly sell candle, but they look ready to drop further again.

Plunged already deep, so some buyers around the corner, watching/waiting for a dip buy like we saw yesterday.

NQ targets:
Once above 19K (again) up to 19.200<>400 TPO GAPs to fill
Once below 18.500<>400 down to 18K MS1
Between scalping

SnP targets:
Once above 5500 again 5600<>5625 TPO GAPs to fill
Once below 5400 down to 5300 MS1
Between scalping

DAX targets:

Once above 18.550 WPP up to 18.650 zone M VWAP
Once below 18.400 zone down to 18.150<>18.050 zone TPO GAP close
Between scalping

CNBC:

U.S. stocks jumped on Monday after investors bought the dip following Wall Street’s worst week of the year, betting that a likely Federal Reserve rate cut later this month would bolster a slowing economy. Technology shares, among the hardest-hit stocks last week, were Monday’s top performers.

Outside of tech, retailers, banks and industrial shares also mounted a comeback as investors believe a rate cut would give a boost to the flagging consumer.

Still a long way to go before it turns bullish again.

SnP Mini short 5471.50 re entry 1 lot

Closed +3p

thats the way...I like it

ES Mini at WPP/Y high/+0.25% (close to 5500)
+15p locked in
ES Mini closed +16p 1 lot

MNQ last lot likely goes to +0.5% 18.800 zone. WR1/DR1 825
+75p locked in last lot
MNQ closed +77p last lot

Counter Scalp trades, so tight SL now

MNQ Swing counter long

Closed 4 lot +120p. 1 left
Closed last lot +105p.

NQ jump not cause of this: Trump Media shares plunged 15% after GOP nominee’s debate with Harris.

Bad day for Trumpy Dumpy