The Swamp

usd positive news. bears need to hold -0694. Above 0701 can run. It went there just before news.. Lets see where digestion leads. The 6 h close next h.

You should bring stops up.

I'm hoping pa dont get back below 0713/14 or 0711 I have a 0742 tp. with a 10 pip trailing stop.

The expansion of the United States economy was driven by a variety of factors.

Increased consumer spending, residential and nonresidential fixed investments, and state and local government spending played a significant role in this growth.

However, these gains were partially offset by a decrease in private investment in inventories, while imports showed an overall increase.

This complex intertwining of factors highlights the complexity of the economic scenario.

Maybe we come back to the 3 cuts?

What the FED could do in this intricate interaction of these factors highlights the complexity of the economic scenario.

Slowing growth is a concern for businesses and policymakers as it could have significant implications for the job market, consumer confidence and investment decisions.

Therefore, it is essential to evaluate the elements that contribute to this slowdown and develop appropriate strategies to mitigate its impact.

I'm trying to squeeze all i can out the lemon.

Correct me if wrong. The raising of interest rates is supposed to force a slow down.Thus produce lees demand. To slow inflation rise. Is that not what they intended to do? Slow down the economy to put inflation in check.
Unemployment is the lowest in 60 years. It looks like they got all they wanted if inflation eases. Almost a perfect landing. Despite what's on the tube. This is the best of times economy wise.

before after, my 10 pip stop survived atm.
But in hindsight I should of closed and re-entered.

Second trade. letting it run its course atm.. I closed the lower one.

I closed it mauly for 10.5 pips.. std..

His analysis raises some interesting points about the relationship between interest rates, inflation, unemployment and the objectives of economic authorities.



I will offer some observations on each point: Rising interest rates and economic slowdown: It is true that a rise in interest rates can slow down economic activity, as it makes credit more expensive and discourages consumption and investment.

This can be used as a tool to control inflation by reducing aggregate demand in the economy.

Dregs seeking to slow inflation: The term "sludge seeking" appears to refer to contractionary monetary policy, in which the central bank raises interest rates to discourage consumption and investment, thereby reducing inflation.

This is a common strategy for containing inflation when it is accelerating. Low unemployment: It is mentioned that unemployment is at a 60-year low.

This is generally seen as a positive sign of the health of the economy, as it indicates a strong job market and may suggest that policies in place are producing favorable results.

Conclusion on the economic situation: The analysis concludes that, despite what is reported in the media ("on the tube"), the economic situation is favorable, with low unemployment and an apparently successful attempt to control inflation.

However, it is important to consider that the relationship between interest rates, inflation and unemployment is complex and can vary depending on various economic, political and social factors.

Additionally, while low unemployment is generally viewed as a positive, there may be other underlying issues, such as the quality of available jobs or income distribution, that should also be considered when assessing overall economic health

But it's all a long journey...

I think people are spoiled. The size of houses are 2x/3x of what they were 40 years ago for our 2.1 kid shrinking families. We live better than kings centuries ago. We got ac and indoor plumbing. We ride in climate controlled vehicles. We eat all we want to get fat. We send just a handful of people to fight our wars. Nobody is asked to buy a war bond, or ration sugar or gasoline. We are some spoiled ass people who cry for more. All we do is bitch and moan about stupid shit. We live in the best times ever, in man's history. I'm typing on the world's largest library. I can learn anything at my fingertips. This is despite being brainwashed about how bad things are.

Out 0725. Looking for a pullback to buy with a target of 0764.

That took much longer than i expected.

Long 0725. Looking for about 50 pips

You can see the R 0740 area.. My 6h dynamic trend is there too at 0742/43..South wise 0710/11 may attract pa. The SOS with 0695 Ac close above it, and 7001 looks bullish to me. But bullish into 0743 or 0768.. Just anywhere in there even 0776 and the 80ties. So if pa does run to these. And later close Friday below 0695.. That would be bearish to me. PA is already above *0695 and *0701 now (the bull side).. So I would like to buy. The day and 6h 12h closed above *these. Even so. 0711 may attract.. S on the chart..
Bear wise, ATM there have been 2 week closes below 0695. Back below 0690 with closes are better than 0695 alone. A break out below the blue better for short. The upper range is that 0740 high area.
The 8h 12h and day have the same range.

If hell bent on a long 0723 has light support, maybe for a scalp. It may first run to 0734 R, or 0740. If 723 held, maybe 074x will come. I may just hold out for 0711..Unsure atm. Plus I need to have open time to watch. I dont want to watch paint dry in Asia s
If I take the 723 long.. stop will be 2 or 3... B.E. and trail

s/l + 1.. My pending was for 0723.5. But was filled higher.

0711 can attract The closer support at 0707.8..0700.2.. Some new R 0730... older 0735 and 40.. SOS about 5h dynamic at 742/43.

I may try a long at 707/08ish
It would be unlikely to reach 0678. That may be a better long.. Below it, can be a bear b/o. Its support until a b/o
For people who use wide supports. 0778 may be a decent support with a stop below.