Swing Trades DAX/DOW/NQ/GOLD

MES & ES LOng again 6312.5 last lot

ES closed +6p 1 lot

At ATH again (Tdys high)
See if they can push it higher again to a new ATH..................

NQ Long closed +20/21p.

MNQ running from 23.175
T1 +25/27p 3 lot.
1 left

President Donald Trump’s “big beautiful” tax-and-spending bill, which he signed into law on July 4, is forecast to increase federal deficits by at least $3.4 trillion over the next decade, according to the Congressional Budget Office.

That’s on top of the gross federal debt, which has climbed to more than $36 trillion, up from about $23 trillion in early 2020 — an increase of over 50% in just five years, driven by pandemic relief, rising entitlement costs and persistent deficit spending.

Markets do not care. Think big in making money and big in debt.

Interest payments have become a major drain on the federal budget, consuming more than 13% of all federal spending. By 2035, that share is projected to rise to 16.7%,

If government spending outpaces the economy’s ability to produce goods and services, it can drive inflation higher.
Iissuing more Treasury bonds increases the supply in the market, which can lower their value and lead investors to demand higher yields.

MGC T1 +80/82p 1 lot.
1 Left

Today 1 Hr before US open

A preliminary U.S.-Indonesia deal. U.S. President Donald Trump said Tuesday that under the trade agreement, U.S. exports from Indonesia will face a 19% tariff, while American goods will enter the Southeast Asian country tariff-free. Jakarta has yet to confirm the deal.

Inflation in the U.S. reaccelerated in June. The consumer price index rose 0.3% on the month, putting the 12-month inflation rate at 2.7%. While those numbers are in line with expectations, the annual rate is the highest since February and above the Federal Reserve’s 2% target.

The Nasdaq Composite bucks the trend. A 4% jump in Nvidia boosted the tech-heavy index to a record close, even as the S&P 500 and Dow Jones Industrial Average retreated Tuesday.

Big banks beat earnings expectations. JPMorgan Chase and Citibank on Tuesday reported second-quarter results that beat estimates for earnings per share and revenue.

Todays US data 1 Hr before US open/retail sales

Not much changed since Yesterday (besides a quick drop and recovery on the Trump/Powel case.

MNQ Long 23.051 last lot
T1 +23/25p 2 lot
T2 +30/31p 2 lot
1 left
Target 150>>190 +0.5%

MES Micro Long last lot 6299.
T1 +5p 3 lot
1 left

ES Mini Long 6300
closed +6.25p

Last lot closed +49/50p. 6350 is a RS level (for now) New ATH

Next up target 6360 DR1 & +0.25%

Down target 6342<>40 Yest close & WR1
Next down target 6328/25 -0.25%/DPP

Last lot closed at WR2 23.275. New ATH

Next up target could be 23.350 DR1
Down target 23.250 Yest close/23.200 -0.25%/23.185 DPP

No time for shorts (yet)

Last long lots MNQ & MES.

ES closed +5.25p 1 lot

MNQ
T1 +15/16p 3 lot
T2 +25p 1 lot.
1 left SL BE

ES closed +7.5p at Y close

YM closed +20p at Y close

DAX Short

T2 +54p 3 lot
1 left for 375<>325 SP zone

TPO GAP to fill 460<>420
GAP filled

GOLD Long last lot
T1 +29/32p 4 lot
1 left/SL BE