SPY fibs
SPY fibs

Fundamental analysts and technical analysts could be compared to Republicans and Democrats. Not that their arguments are similar, but because schools of thought that may have worked well in the past don’t always work well forever. Both camps would benefit from being more open-minded (analysts and politicians). Of course it is difficult to accept the notion that financial markets often follow mathematical patterns more so than they follow economics, but one can’t help but notice that occasionally there are instances where the evidence is so potent that it simply speaks for itself. Markets are irrational because people are irrational but sometimes irrationality is the driving force behind efficiency. Just ask a sunflower how it optimizes seed production or take a sundial shell and measure the width of each spiral.