When Gold Future prints a 10-Days Low and the Emini S&P prints a 10-Days High, since 2019 it has been positive for Gold selling after 1-5 days. See results in the Figure.
Quantifying intermarket relationships through counting is a valuable approach in the field of quantitative finance. By systematically analyzing and counting certain market phenomena, patterns, or events across different asset classes or markets, traders can gain insights into the interconnectedness and potential dependencies among various markets. This allows for a more comprehensive understanding of market dynamics and can aid in developing effective trading strategies.
Counting techniques can be applied to a wide range of intermarket relationships. For instance, one common application is counting the occurrences of specific price patterns or technical indicators across different markets. By tracking the frequency of these patterns or indicators, traders can identify potential correlations or divergences between markets.
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