All the federal reserve has to do........

Discussion in 'Trading' started by S2007S, Aug 23, 2024.

  1. S2007S

    S2007S

    The federal reserve has to announce each and every single day that they are going to cut rates, every day around afternoon they need to announce that they will be cutting rates, each day they do this they will create the most wealth the world has ever witnessed. ....

    Every time powell speaks he speaks the same exact words Like a fucking parrot does!!!

    Dovish as fuck and always telling wallstreet here come the rate cuts....

    Fed Chair Powell indicates interest rate cuts ahead: ‘The time has come for policy to adjust’
    Published Fri, Aug 23 202410:00 AM EDTUpdated 3 Hours Ago




    https://www.cnbc.com/2024/08/23/fed...d-the-time-has-come-for-policy-to-adjust.html
     
  2. ElCubano

    ElCubano



    Here comes the rates again :D
     
    Big AAPL likes this.
  3. schizo

    schizo

    Powell's somewhere in between these two pics, but I ain't so sure.

    [​IMG] [​IMG]
     
  4. schizo

    schizo

    And don't stop believing...

     
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  5. ElCubano

    ElCubano

    all time and I mean all time classic. One of the best voices in rock papa.
     
    schizo likes this.
  6. schizo

    schizo

    Yeah, only if Perry stayed with Journey. But when he left and started on his solo career with songs like "Oh, Sherry baby, why don't we go blow a big one...", there was no way I could listen to him no matter what voice he had.
     
  7. schizo

    schizo

    Now when it comes to someone like Iggy Pop, he might not have the "voice" to brag about but he sure exudes all the right vibes.

     
  8. wxytrader

    wxytrader

    When are you guys going to clue in? This was a cup and handle formation, and like water has to expand when it freezes...a cup and handle must run its course. The rate hikes and cuts are just facilitating what the chart needs to do. If you want to get technical the cup and handle became a common pattern because events such as interest rate hikes will cause this long cup shaped correction before optimism begins picking up. Here we are at aths and surprise surprise right in time for a rate drop. Why? Because the smart money started getting in at the bottom of the cup anticipating it. :)

    I mean look at the retracements right on 50%!

    Btw @poopy its a good thing you can't block me so you don't miss out on these gems! :)

    https://www.investopedia.com/terms/c/cupandhandle.asp

    upload_2024-8-23_14-53-50.png

    P.S I haven't even looked at SPY in months...trading view saves the chart template where I had already drawn in the C&H to post on ET.
     
    Last edited: Aug 23, 2024