FED has this under control (so they say) so here it comes ... Are those nested H&S bottom reversals valid? Holy Cow.
Got Math? Project the classic price action targets that your analysis proposes for each of the nested's you have there.
But the riddle presented to the FED is 1) do you prefer controlled interest rates (and debt service costs) or 2) do you prefer high commodity costs (and possible civil unrest). Not good choices. Best to just continue subsidies for low income food (Food Stamps)
The trade here is still the inflation trade. No change. I hear some people saying something about deflation. Impossible for U.S. markets. The $30 trillion ballast the U.S. is carrying allows only inflation now. We will be several years at this level or higher (CPI) IMO
Preachin to the choir, mate. https://www.elitetrader.com/et/thre...ound-world-up-your-alley.368979/#post-5654543 Money goes where it's treated well, Country tune for Countryboy... Here boy! Heeeere Money! C'mon boy! Let's go to work.
Was more of a Country Boy when I lived in NJ. There were more cows than people on my street But right next to Wall Street too (PATH train).