Swing Trades DAX/DOW/NQ/GOLD

Even if the U.S. Supreme Court agrees with a federal appeals court’s ruling that most of President Donald Trump’s tariffs are illegal, it doesn’t mean the case is closed on those levies.

U.S. Treasury Secretary Scott Bessent reportedly told Reuters on Monday that there are “other authorities that can be used” to uphold the tariffs. One of them could be the Smoot-Hawley Tariff Act, Bessent said.

(A curious side note: Smoot-Hawley is described by an article on the U.S. Senate website as “among the most catastrophic acts in congressional history.”)

U.S. President Donald Trump on Monday doubled down on his criticism of India, calling trade ties with the country “a totally one sided disaster!”

The U.S. is imposing 50% tariffs on the country, including secondary duties of 25% last month for purchasing Russian oil, which India has called “unfair, unjustified and unreasonable.”

Data from the World Trade Organization shows that India imposed a 6.2% average tariff on U.S. imports into the country in 2024, on a trade-weighted basis, while U.S. levied 2.4% on Indian goods.

Almost the whole world is buying Russian oil delivered with the Russian "shadow fleet" and maybe India doesn't want these huge US cars on their roads.

The impact of the US tariff measures is not severe for India because of two reasons – the Indian economy is relatively less dependent on exports and India's domestic market is expanding very fast. “While about 10% of India's GDP comes from exports, the share of the US is about 11-12% of that.

Trump (administration) isn't doing his homework.

India sustained a real GDP growth rate of 8% compared with less than 2% for the U.S. If India can keep this up for the next two decades and grow 5% a year thereafter while the U.S. maintains its growth rate of 2%.

There is a Chinese saying (I believe) "Keep your 'enemies' close to you".

MNQ short again 23.428 last 2 lots.
T1 +20/22p 3 lot
2 left
1 lot closed +15p
1 left/SL BE
Below 400 I will likely add more lots again


Needs to BO below 400 DS1 now.........

Short again 23.441 last 5 lots
Target 23.360/350 -0.5%

T1 +25/26p 2 lot
T2 +34p 3 lot
2 left/SL BE
T3 +45/46p 1 lot
1 left
Last lot losed +39/40p at 400 DS1 SP zone.

Below 400 likely short again

So far NQ dropped +/- 3% from its ATH. Still far away from a correction, but it has to start somewhere.........

MES & ES short 6469

MES last 2 lots
T2 +11p
1 left for 6450<>6445 -0.5%/DS2 SL BE

ES 1 lot
Closed +11.5p

MNQ Scalp Short again 23.386 last 4 lot.
Target 23.350 -0.5% zone/ Reached and crossed..
Next 23.300 -0.75% zone

T1 +12/14p 2 lot
T2 +29/31p 3 lot
1 left
Closed +104/105p last Scalp lot

@ 350/355 -0.5% zone now

Target reached.
Closed at DS2 zone +20/21p last lot

DS2/WS1 -0.75%/23.300 SP zone reached. Tight SL now +85p locked in

Next 250? -1.0%?

DOW also tanking. No trade

MES & MNQ last SWING lots for 23.250 and 6425 (maybe)

Need to drop below the WS1 levels both markets

Last Swing MES lot closed +18p
Last Swing MNQ lot closed +84/85p.
WS1 for both to much SP (for now)

TPO GAPs above the price now. Future targets

H&S pattern worked excelent

Gold also pulling back after new ATHs

Once the DOW found its bottom, it will try to close that TPO GAP 45.365<>45.500 zone

Same for SnP & NQ indexes

YM Mini Scalp Long 2 lot 45.404
T1 +18/19p 1 lot
1 left. +10p locked in
Last closed +37/38p

Still 2 MYM running for the GAP close/SL BE

GAP close?

MNQ counter Scalp long 23.317 last lot
T1 +11/12p 2 lot
1 left SL BE
Closed BE

ES & MES Counter Scalp long 6442

ES closed +3.25p

MES last lot
Closed BE

MNQ Short Scalp last 4 lot
T1 +10/11p 2 lot
4 left
T2 +14/15p 3 lot
1 left
Last lot closed BE

Still SP @ 275 WS1 zone

Below 280/275 light short again for 23.240<>220

MES & ES Short
T1 +8p 1 lot
1 left for MPP/M VWAP? 6415
Closed +9.5p

ES Mini closed +6.25p

MNQ Short 23.282
T1 +33p 3 lot.
1 left
Closed +25/26p last lot

250 = SP so far

If they want to see blood it could drop to 23.150<>23.125 -1.5%/WS2/DS3 zone (Reverse SP zone)

Only if the SnP drops to 6410 MPP/Aug M VWAP/-1.0%/DS3 SP zone. (Reverse SP zone)

MES & ES short again
MES T1 +4.5p 3 lot
1 left SL BE
Last closed BE

ES closed +3.25p 1 lot

MNQ Short Scalp 4 lot 23.243
T1 +12/13p 2 lot
2 left
Last 2 closed BE

250 -1.0% zone = still SP so far