Swing Trades DAX/DOW/NQ/GOLD

Dec Future contracts are already higher above MR1 level.

SnP above 6600 & NQ above 24.160

ES & MES long

ES closed +11.25p last lot

MES still last lot running for 6585 zone
Reached and closed

Markets made new ATHs . Markets are always right?

Nobody can predict when this rally is out of gas. Once the big boys decide to take profits for whatever reason, markets will go South.
SnP about 8% up this year so far. (about 550p)
Up by 18.5% one year back. (about 850p)

Reason for a pull back? Too much debt, recession, jobs, inflation, terror attack, AI finally fumbles the ball, etc?
I don't care what the reason is. I just follow my Swing charts and adapt my Swing trading.

Likely no crash, but a healthy pull back before the end of the year and after that maybe a new try to plant a new ATH just before the end of the year?

I consider a healthy pull back between 5% and 8%.
When informed correctly a real correction starts with 8% or more (or so).
And that 8% pull back is right to the current "Holy" SMA 200 at 6100 zone currently, from where a real correction could start.

Maybe a new push up try to 6700 first? (Future price) Only 55p/60p/0.5% to go.
No predictions. Just a chart technical view/approche. Fundamentals do not really help in current political situation.
Market profile tells me a lot. Not all the answers of course unfortunately.

I expect a pull back 6600 zone first (TPO GAP close if the SnP founds his reverse point.
Next to 6500 zone as reasonable -2.5% from current price and -3.0% from 6700 zone/Future price.
Also about 50% pull back of the latest rally from begin September start. (Fibo levels)
No correction. Just a pull back.

For now to soon to short seriously anyway. Scalping 2 ways only for now at these hights.

ES Short 6590.75 1 lot
CLosed +4.75p

MES short 6591 5 lot
T1 +5p 4 lot. 1 left/SL BE zone

Target 6575 DPP/-0.25%

MNQ Long 24.028 last lot
T1 +10p 3 lot
1 left SL BE zone
Last lot closed +15p at WR1 050 RS zone

Close to ATH again

For now to soon to short seriously anyway. Scalping 2 ways only for now at these hights.

MNQ Long 5 lot
T1 +11/12p 4 lot.
1 left
Last MNQ closed +29/30p

DR1 target reached. New ATH. Tigth SL now

Next target 24.125/130?

YM short 46.365 last lot
YM closed +84/85p at target WR2

Still 2 MYM running for 46.200 zone/SL BE

ES Long 6595
T1 +2p 1 lot.
1 lot left

Last lot closed +2.5p

No 6600 BRN cross before the weekend likely

Wednesday FED interest rate decision. See how that plays out between Trump & Powel............

https://www.facebook.com/share/r/17KLw7HKEh/

https://www.facebook.com/share/v/1FFQ9WJitW/

https://www.facebook.com/share/r/17B3q52T1n/

you dont trade gold anymore?

Yes I do, but no position right now.

I wait for a pop above 3700 zone or a drop below 3655 zone (Future price)

In a sideways range now. Just little low risk scalps

A divided Fed is expected to settle on a 25-basis-point cut this week. The key question is, what comes next?

Federal Reserve Chair Jerome Powell has been under constant attack from President Donald Trump to lower interest rates.
Federal Reserve Chair Jerome Powell is likely to muster a slim majority of his colleagues to support a 25-basis-point cut in interest rates on Wednesday, fueled by growing concern about the health of the economy.

Powell is likely to face a level of internal opposition he has never seen before. Some of his colleagues have signaled they want a larger rate cut because of the weaker labor market. Others may opt for no change in rates because of recent gnarly inflation readings.

The White House policy to raise taxes on imported goods through tariffs has caused the economy to slow and pushed inflation higher. At the same time, there are signs the labor market is cooling. This is a stagflation-lite environment, which is a dilemma for Powell and his colleagues. The same tool they have to support the labor market - cutting rates - can also spur inflation.

NQ still on Sept Future contract (likely a roll over tomorrow)

DOW & SnP on Dec Future contracts

MNQ Long 24.121 last lot
T1 +10/11p 3 lot
T2 +15p 1 lot
1 left for 24.170 +0.25%>>>24.200 BRN & DR1>>>24.230 +0.5% zone

Last closed +19/20p. 150 = RS zone. Above long again

24.160 ATH

ES long re entry 1 lot & closed +3.25p.

MES still running
T1 +5p 4 lot
1 left SL BE