2024-07-29 08:35:00 ET
Summary
- One of the most reliable, recurring market patterns is the concept that sharp impulse moves followed by a quiet period usually lead to another move in the same direction.
- An impulse move is simply a sharp move in one direction.
- We saw a crystal clear example of this pattern play out in the S&P 500 index, a pattern that was easily identifiable in advance and which offered an easy profit for nimble traders.
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For further details see:
Impulse Moves And Market Patterns: A Real-Time S&P 500 Example (Technical Analysis)