At the same time since it can affect prices for stocks (and the market as a whole) it can present you with buying and selling points.
I see that in the stock price chart and with more context, not just one event in time.
Early on I believed the mantra that charting was hocus-pocus but in time I learned that it is the history of Mr. Market’s moods. When I switched to Japanese candlestick charts the give and take became clearer. What I still believe is hocus-pocus are most of the ‘indicators’ or maybe I just haven’t learned their significance.
The Captain