Swing Trades DAX/DOW/NQ/GOLD

MES T1 +8/9p 4 lot. 1 left

ES +9p 1 lot closed

Last MES closed +11p

MNQ
T1 +11/12p 2 lot
T2 +50/56p 4 lot.
1 left
Last MNQ closed +38p at 800 zone

Tehran targets Bahrain, Kuwait and Jordan after U.S. strikes Iranian assets

 

1. American forces launched strikes against Iran “in response to yesterday’s downing of a U.S. Army Apache helicopter,” U.S. Central Command said.
2. President Donald Trump earlier said the U.S. would “respond” to the downing of the aircraft, which was patrolling over the Strait of Hormuz.
3. Iran said it will respond to the U.S. military actions, though it hasn’t claimed responsibility for the helicopter incident.

H&S patterns

MNQ short again 29.790 4 lot
T1 +50/55p 3 lot
1 left
Closed at 690 +1.5% zone

Target 700/680 -1.5%

MNQ counter scalp long
Last 2 lot closed +39/40p

MNQ Short again last lot

T1 +15/19p 4 lot.
1 Left/SL BE
Last lot closed BE

MNQ Short again 752 last lot.
T1 +18/20p 3 lot.
1 left/SL BE
MNQ closed +40/41p at 700 zone

NQ short 1 lot
Closed +25p

MNQ long 769 last lot
T1 +24/27p 4 lot.
1 left
Closed at target zone

Target 820/840

Short again 646

T2 +20/24p 3 lot. 2 left
T3 +29/30p 1 lot 1 Left
Closed BE

MNQ long last lots 28.475
T1 +15p 2 lot
5 left
T2 +35/48p 3 lot
2 left
T3 +90/91p 1 lot
1 left
Closed +170/172p last lot


SP move from WS1/DS1/-1.0%

Double bottom with Yest low

MNQ short 733
T1 +20/25p 6 lot
4 left
2 more closed +27p
2 left
T2 +33p 1 lot
1 left SL BE zone
Closed +85p at 1st target zone

Targets
650
600
525 Y close

Closed at 4081

To early/hindsight

Trump said he loves inflation. Why that should be music to Kevin Warsh’s ears

 

1. Donald Trump appears to be doing a U-turn on his treatment of the Federal Reserve chair, now that Kevin Warsh has taken over from Jerome Powell in the top job.
2. Trump’s comments Wednesday that inflation numbers are “great” fit with Warsh’s view that the Iran war is a temporary shock that will ease with time.

The president spent years railing against and trying to undermine Powell for what Trump saw as a stubborn refusal to cut interest rates faster and deeper than the Fed was willing to go. But now that Warsh has been confirmed as chair, and faces his first rate-setting Fed meeting next week, Trump is starting to send signals that he won’t object if Warsh doesn’t cut right away.

His mind goes where the wind goes

MNQ long again 28.663 last lot/SL BE zone (counter trade)
T1 +17/20p 3 lot
1 left
Closed +80p at DPP 750 zone.
Above maybe light long again for the 800 zone

Target 750

MNQ Long again 755 5 lot
T1 +38/40p 4 lot
1 left
Closed +30/31p last lot

800= RS level/zone

Above 800 next target 900<>950 +1.5%


SnP/MES long 7292 5 lot
last lot closed at 7312 DPP/+0.5%

Gold long 4096.3 last lot