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Swing Trades DAX/DOW/NQ/GOLD

  • #15,301
  • Sep 4, 2024 6:02am Sep 4, 2024 6:02am
MNQ Shirt 5 lot.
T1 +30/31p 4 lot.1 left
Closed +24/25p last lot
850 zone is SP for now.
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  • #15,302
  • Sep 4, 2024 8:13am Sep 4, 2024 8:13am
The recession crowd has regained the stock market narrative, (for now)
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  • #15,303
  • Edited Sep 5, 2024 5:38am Sep 4, 2024 10:19am | Edited Sep 5, 2024 5:38am
Last lot MNQ Long closed at +0.5%/Wk VWAP zone
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MNQ Reversed to short from Wk VWAP/+0.5% zone and closed just below 19K DVWAP zone
MES Short and closed at 5535 D VWAP zone
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  • #15,304
  • Edited Sep 5, 2024 5:40am Sep 4, 2024 9:29pm | Edited Sep 5, 2024 5:40am
Markets are waiting for US jobs news and Interest rate cut in september.
On the edge to turn real Bearish once below MPP and Aug closed M VWAP.

Today ADP Non Farm and unemployment claims, what could change everything again.
Tomorrow Non-Farm Employment Change/Unemployment Rate

Oil dropped below the $70.00
OPEC+ is discussing delaying its oil output increase, scheduled to start in October after oil prices tanked to a nine-month low on Sept. 3
Demand concerns following news that China’s factory activity contracted for a fourth straight month in August added pressure

Data published over the weekend by the Chinese government revealed the country’s manufacturing activity sank to a six-month low last month as factory gate prices tumbled and owners struggled for orders.
China is the world’s largest crude importer.
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  • #15,305
  • Sep 5, 2024 5:51am Sep 5, 2024 5:51am
Both markets inside the Weekly TPO VA (Value Area). No go zone for trading..
Need a BO above or below that zone.
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  • #15,306
  • Sep 5, 2024 6:17am Sep 5, 2024 6:17am
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  • #15,307
  • Edited 7:28am Sep 5, 2024 7:03am | Edited 7:28am
MNQ Short
T1 +25/26p 4 lot.
2 left
T2 +34p 1 lot
1 left
Added 4 lot again and closed them +35<>40p.
Still 1 lot left/Trgt 825 WS2 & DS1 zone<>800<>770 -1.0%
Last lot closed at WS2 835

MES short
T1 +4.75/5p 4 lot
2 left
T2 +7p 1 lot
1 left/Closed +14.5p at -0.25%

ES MINI short 1 lot
closed +4p
ES Short re entry and closed +5.5p
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  • #15,308
  • Edited 8:02am Sep 5, 2024 7:36am | Edited 8:02am
Economy
August private payrolls rose by 99,000, smallest gain since 2021 and far below estimates, ADP says.

Job openings in July also touched their lowest point since January 2021, according to a Labor Department report Wednesday, while outplacement firm Challenger, Gray & Christmas reported Thursday that this was the worst August for layoffs since 2009 and the slowest year for hiring since the firm started tracking the metric in 2005.
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  • #15,309
  • Edited 7:49am Sep 5, 2024 7:38am | Edited 7:49am
Quoting Dutchy Daxy
MNQ Short T1 +25/26p 4 lot. 2 left T2 +34p 1 lot 1 left Added 4 lot again and closed them +35<>40p. Still 1 lot left/Trgt 825 WS2 & DS1 zone<>800<>770 -1.0% Last lot closed at WS2 835 MES short T1 +4.75/5p 4 lot 2 left T2 +7p 1 lot 1 left/Closed +14.5p at -0.25% ES MINI short 1 lot closed +4p ES Short re entry and closed +5.5p{image}
MNQ Short again at 899
T1 +14/16p 3 lot
1 left/SL BE
Closed BE last lot

SnP needs to BO below -0.25%/Y low 5515 for new short to the TPO GAP

If the SnP breaks out below -0.25% the NQ will (likely) cross its -0.5% at 865/860 (current price)

Someone needs to pull the plug...............
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  • #15,310
  • Sep 5, 2024 8:49am Sep 5, 2024 8:49am
Reversed my MNQ Long into short.

Closed +42p last 2 lot at DPP

Sideways rubbish PA/No real direction here, but always something to scalp in these zones

Once above +0.5% 050 likely to 19.100 Wk VWAP and + DR1 zone
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  • #15,311
  • Sep 5, 2024 8:54am Sep 5, 2024 8:54am
Quoting Dutchy Daxy
Reversed my MNQ Long into short. Closed +42p last 2 lot at DPP Sideways rubbish PA/No real direction here, but always something to scalp in these zones Once above +0.5% 050 likely to 19.100 Wk VWAP and + DR1 zone {image}
Long again 19.019 last 2 lot

T2 +19/20p 1 lot
1 left
Closed +9/10p last

Rejected +0.5% 050 so far
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  • #15,312
  • Sep 5, 2024 9:00am Sep 5, 2024 9:00am
Quoting Dutchy Daxy
{quote} Long again 19.019 last 2 lot T2 +19/20p 1 lot 1 left Closed +9/10p last Rejected +0.5% 050 so far {image}
Long again 048 last lot/still stuck around +0.5%

Closed at Wk VWAP / DR1 target +48/50p last lot

Maybe a new jump to +1.0% 150 zone if SnP reaches its +0.5%/Wk VWAP at 5556

Markets are convinced that the FED is gone cut rates with lower job numbers
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  • #15,313
  • Sep 5, 2024 9:12am Sep 5, 2024 9:12am
Closed +28p last lot MNQ
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  • #15,314
  • Sep 5, 2024 9:21am Sep 5, 2024 9:21am
CNBC:

The market has shown hyper sensitivity to potential growth scares in recent weeks, including Tuesday’s sell-off on the heels of weak manufacturing data. That puts heightened scrutiny on labor market data, with all eyes on Friday’s August nonfarm payrolls report. A weak July report released last month spurred recession fears and a raft of volatility in August.
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  • #15,315
  • Sep 5, 2024 10:18am Sep 5, 2024 10:18am
Markets are bearish even after this (spastic) up move

SnP 5500 zone target last lot

MNQ 18.800 zone target last lot
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  • #15,316
  • Edited 10:38am Sep 5, 2024 10:28am | Edited 10:38am
Quoting Dutchy Daxy
Markets are bearish even after this (spastic) up move SnP 5500 zone target last lot MNQ 18.800 zone target last lot {image}
ES Mini closed +28.5p

MNQ still running
Closed +145p

WS2 SP zone

NQ made double low with Y low so far
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  • #15,317
  • Sep 5, 2024 11:46am Sep 5, 2024 11:46am
Quoting Dutchy Daxy
Markets are bearish even after this (spastic) up move SnP 5500 zone target last lot MNQ 18.800 zone target last lot {image}
They usually play this trick as you perfectly know....pumped up the market, burn some poor human shorts and only after they resume their downtrend.

In these cases, I always remember the day before DAX last 10years low (1st Covid wave)......
They made an astonishing +12% the day before, that in fast&furious way became an incredible -18%.......
I call upon my father's spirit , watching over me
  • #15,318
  • Edited 10:16pm Sep 5, 2024 9:34pm | Edited 10:16pm
NQ 18.800 is SP zone for now
Above 19K poss. Buy MM
Below 18.800 poss. Sell MM

SnP 5500<>5480 is SP zone for now
Above 5540<>50 poss Buy MM
Below 5500 poss Sell MM.

NQ back inside Weekly VA 18.880<>19.000
SnP just below Weekly VA 5515 <> 5540
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  • #15,319
  • Edited 10:12pm Sep 5, 2024 9:55pm | Edited 10:12pm
Quoting Dutchy Daxy
NQ 18.800 is SP zone for now SnP 5500<>5480 is SP zone for now {image}
If todays US job numbers are also disapointing, it could become nasty

CNBC:
Stocks struggled Thursday as investors dumped risk assets and concerns mounted over the outlook for the U.S. economy ahead of Friday’s keynote labor report.

The market has shown hypersensitivity to potential growth scares in recent weeks, including Tuesday’s sell-off on the heels of weak manufacturing data. That puts heightened scrutiny on labor market data, with all eyes on Friday’s August nonfarm payrolls report. A weak July report released last month spurred recession fears and a raft of volatility in August.
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  • #15,320
  • Edited 4:40am Sep 6, 2024 4:18am | Edited 4:40am
SnP hit the Aug M VWAP close. Done. Closed +28p

MNQ closed +129/130p last lot
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