Swing Trades DAX/DOW/NQ/GOLD

NQ short again 1 lot 15.308
Closed +10p 1 lot

NQ has a TPO GAP below from 15.350<>15.175

SnP has a TPO GAP below from 4488<>4446

NQ on its way to 350/360 WR1/DR3 and maybe 15.400 +2.0%
SnP on its way to 4485 +1.0% zone

LIVE UPDATES

European markets touch two-week highs, tracking positive global momentum

USD CB Consumer Confidence fell 10 points 106.1 116.0

Markets pre sort for Fridays Non Farm numbers already

NQ reached WR1 15.350 +1.75% zone at 15.350
At +2.0% now 15.400 zone Aug 24 High. Double top?
Here it will likely become more difficult to get higher. But there are always traders who step in that high.

SnP reached +1.0% at 4485 zone and close to 4500 again

ES Short closed +2.5p 2 lot

NQ
T1 +6p 1 lot
1 left
Target 350 zone
Closed +6p last lot

No lower highs so far. Looks not done yet

NQ below 15.350 more sell MM likely

SnP/ES reached the 4500. Aboven Aug 23 high

NQ almost at 15.400/+2.0% Aug 24 high

All missery of last weeks is shaken off in a few hours.
Markets look overbought now. Price very far away from the MA/VWAP lines. That asks for a counter reactie sooner or later (coming days/weeks) to close the Wk TPO GAPs

NQ Short 15.373 2 lot
Closed +12p at RTH POC/WR1

MNQ still 2 lshort ot running/SL BE
Closed BE. Needs to drop below WR1 15.350 zone first and close the TPO GAP from there


MES short 4495 2 lot
T1 +3p 1 lot
1 left
Closed +1.5p last

MES still 2 lot short running/SL BE
Closed BE last 2 lot
Needs to drop below 4493/92 first and from there close the TPO GAP

TECH
Nvidia’s stock closes at record after Google AI partnership

 

1. Nvidia shares jumped 4.2% Tuesday to close at a record.
2. The company announced a partnership with Google that will involve its technology being sold through Google’s cloud.
3. Last week, Nvidia said quarterly revenue doubled from a year earlier

A boost for the NQ & SnP again. Hopefully this jump has a longer life then the jump of last week.

ECONOMY
Credit card balances jumped in the second quarter and are above $1 trillion for the first time.

Total credit card indebtedness increased by $45 billion in the April-through-June period, a rise of more than 4% and just above $1 trillion.Americans increasingly turned to their credit cards to make ends meet heading into the summer, sending aggregate balances over $1 trillion for the first time ever

Total credit card indebtedness rose by $45 billion in the April-through-June period, an increase of more than 4%. That took the total amount owed to $1.03 trillion, the highest gross value in Fed data going back to 2003.
The increase in the category was the most notable area as total household debt edged higher by about $16 billion to $17.06 trillion, also a fresh record.

Household budgets have benefitted from excess savings and pandemic-related debt forbearances over the past three years, but the remnants of those benefits are coming to an end,”

As card use grew, so did the delinquency rate.

NQ Mini long 15.453 2 lot
T1 +7p 1 lot
1 left SL BE
Closed +5p last lot

First trade $220 banked.

MNQ Micro also long 15.450 last 2 lot for 15.500++++++
SL BE zone

NQ Mini short 15.438 2 lot
Closed +18p 2 lot

MNQ last 2 lot still running from 15.450
At Yest close now 15.415 zone

ES Mini short 4510.50 2 lot
T1 +2p 1 lot
1 left
Closed +1.5p last lot a Yest close 4506 zone

Markets look overbought, but thats not on me to decide.

SnP & NQ both have TPO GAPs to close (later)

4487<> 4455 zone
15.350<>15.175 zone

Usually there will be a new price lift cause of (to) late buyers.
Only now there are 2 big GAPs below in NQ and ES which cold have a magnetic gravity effect..

DOW finally reached its Monthly VWAP 970 zone. Alomst there.

If the DOW bounces off its M VWAP 35.000 zone, the DAX will likely follow South to 11.900 zone MS1/M VWAP

The speed of this advance has taken me by surprise. Definitely a FOMO aspect based on bad US data and Chinese policy announcements.

Don't care about the reason. It happens.

Expect The Unexpected

Now we wil see if it is a real up move or just a fake one like last week.
Read my post a few post back.

Traders become worried cause of the exessive up speed yesterday and the created GAPs/low distribution below cause of that.
Yest move has legs but no feet yet.

So they take some profit now. Can't blame them.
But it likely will go higher again later.

I have no crystal boll. but on the position of the MA lines and VWAP lines is a lot to see what should/could happen.

FDXS Long 15.951
T1 +11p 4 lot
4 left
T2 +15p 3 lot
1 left
Closed +29/30p last lot

DAX in a 16.000<>15.940 DPP waiting/busstop range.

DAX is waiting if the US markets will drop deeper (to close GAPS?) or turn North again.
At Yest close again

Likely a new (late) buy wave of " Johnny come late" traders. We will see today.

NQ Short 2 lot 13.385
T1 +6/7p 1 lot
1 left SL BE
Closed BE last lot