15 Oct 2021 3:59 pm
Level 1 is suggesting the stock market is driven by "Fed actions."Blackvegetable » 15 Oct 2021, 11:14 am » wrote: ↑ That's kinda Level 1.
The markets are certainly driven by a combination of mania and economic fundamentals, but the noise is less significant over an 8 year stretch.
I should have linked to the Investopedia article, because it pointed out how poorly Wall Street anticipates the effects of changes in Administrations.
Level 4 is pure technical charting.