Swing Trades DAX/DOW/NQ/GOLD

MNQ Long 14.774

T1 +10/11p 3 lot
1 left SL BE

MYM Long 34.559 (bounced off the 500 BRN)
T1 +10p 4 lot
T2 +19p 2 lot
2 left/SL BE

MES Long 4385 4 lot
T1 +3p 2 lot
2 left
T2 +4p 1 lot
1 left SL BE

ES Long 4385 as well
1 lot closed +3p

Same trades but taken from my Scalp charts

All counter trades
MES closed +5p last lot
RSSL closed +22p last 2 lot
MNQ closed +10p last lot


Somewhere in this down wave there will be a (fast & furious) rebound. Patience required.
Markets dropped to much to take new serious shorts again. (IMHO)
Scalping up/down H&R trades (with little risk) till the first white bars on the Swing charts are plotted. Then it becomes interesting again

CHINA ECONOMY
China’s property giant Evergrande files for bankruptcy protection in Manhattan court

DAILY OPEN
CNBC Daily Open: Treasury yields are putting pressure on stocks

DAILY OPEN
CNBC Daily Open: Inflation and interest rates might go higher, warns the Fed

FDXS Long 5 lot from WS2 at 15.584
T1 +12p 4 lot
1 left

Closed +35p last lot at D VWAP

Target 625 DS1/640

FDXM Long 1 lot and closed +28p

US tries to find the bottom and ticking up (very little move). DAX follows
So far the US markets remain inside the this early morning ETH Open Range (ETH OR)

Markets will reach such a low(er) value where buyers can't resist staying on the sideline anymore and start buying.

DAX has the WS 2 as SP zone now.

When price remains above WS2 15.600 poss. pop to 700 WS1 zone and 800 Wk POC & Wk VWAP zone
Drop below WS2 likely down to 15.500

do you think 158.. would be possible ? Surly not today … however everything is possible here

158???

15.800 is the Weekly POC. Not gone see that today for sure.
But the more the price is drifting away from MA line (as its doing now) the more furious a return to the MA lines can be.

Always check the position/place of the price in relation to the MA lines.

NQ Mini Long 2 lot @ 14.653

Back to DS1 again and Daily GAP close?
T1 +6p 1 lot
1 left SL BE
Closed +5p last lot

Same value as 110p MNQ Micro

MNQ is at MS2 14.650 zone
Still an old M TPO GAP waiting at 14.400<>14.200

DOW is at MS1 34.400 zone
Once below that level maybe a next leg down to 34k zone

SnP 4360. First SP level is 4350
If broken down to MS2 4330 zone

DAX next SP hurdle 15.500 BRN

LONDON — European markets retreated on Friday, tracking cautious global sentiment as traders assess the future for monetary policy and fresh concerns about China’s real estate sector.

CNBC
Dow futures fall 200 points as Wall Street braces for another down session

NQ Short

T1 +9 & 10p 2 lot
Closed +3p last lot

Stalling at -1.0% 625

MNQ Short 661
T1 +27/28p 3 lot
1 left
Closed +25p last lot

RUSSEL closed its Daily gap

NQ and SnP try to get there

MNQ Micro Long 14.738 last 2 lots

NQ Mini long 14.740 1 lot
Closed +28p at Y close

MES Micro Long 4380 last lot
Closed +4p

ES Mini Long 4380 and closed +6p

NQ is gone try to close its TPO GAP up to 14.850 (not likely its gone be filled in one time)
ES is gone try to fill its TPO GAP up to 4405

Why stock investors are suddenly so scared

Market losses have been piling up over the past month, particularly on growing fears of contagion from an economic slowdown in China. Inflation, Russia’s war in Ukraine and weakness in America’s banks also have Wall Street spooked.

China’s souring economy spells bad news for US stocks.
An ongoing real estate and debt crisis has some investors fearing the potential of a “Lehman-like” moment for China.

Tensions between the US and China, meanwhile, have been on the rise as the world’s two largest economies clash over issues ranging from trade policy and technology, to Russia’s invasion of Ukraine.

if China’s economy slows down, global economic growth slows down. When global economic growth slows down, that tends to be negative US equities. And some of that has to do with direct exposure of US companies’ sales in China and with China being a major consumer of commodities.

A few weeks ago, Wall Street seemed almost certain that the Federal Reserve was just about finished with that rate-hike regimen — which many economists had assumed would plunge the US into recession.
But a string of strong economic data has challenged those notions.
The US economy has been resilient: The Atlanta Fed has estimated a whopping 5.8% annualized third-quarter GDP growth rate, unemployment remains low and consumer spending is strong.

Global inflation is finally coming down, but heightened geopolitical tensions threaten to raise food and oil prices across the globe. Russia’s invasion of Ukraine continues to stoke fears of rising commodity prices, global economic instability and uncertainty around security.

Fears of contagion still exist around the regional banking crisis in March.

On average, August has been the worst-performing month for stocks since 1986

CNN

DAX bounced off the 15.500 BRN zone last Friday.
See if the 500 zone holds this week. Depends on US markets.

Went long last last Friday late with 3 FDXS longs @ 15.600 after a Up Power Bar before the RTH close (above RTH POC/D VWAP)
T1 +50p 1 lot at 650 just now
1 left SL BE +25 locked in
Closed +24/
p last lot
Up target 15.700>>>720 last Thursdays close
Next up (counter Swing) targets: 15.775>>15.850>>15.950

Down target 15.550 and 15.500 again

MNQ Long 14.769 5 lot
T1 +19p 3 lot
2 left SL BE
T2 +22p 1 lot
1 left SL BE zone. Target 14.825. Next 14.900 zone with 3 RS points
Closed BE last lot

NQ closed +16p 1 lot

NQ Up targets: 14.900 WPP>> 15K
Down targets: 14.650 MS2 test again>> once below MS2 14.650 to 14.400<>14.200 TPO GAP to close/fill


MES Long 4386 5 lot
T1 +3p 3 lot
2 left. SL BE
T2 +3.5p 1 lot
1 left SL BE
Closed BE last lot

Up targets: 4400>>4415 WPP>>4450 BRN>>4475 50% rebound level of the start of the Bear Swing move
Down targets if there is no rebound: 4335>> 4315 WS1>>4300

MNQ new Long again 14.763 5 lot

T1 +10/12p 4 lot
1 left. SL BE

They made a SL hunt down to 735 and popped again.
Needs to Break Out (BO) the ETH Open Range (EOR)

Still (very) Bearlish