# Short-Term Highs and Lows

The idea for these strategies comes from chapter 2 of [*How Markets Really Work*](https://moshferatu.dev/moshferatu/how-markets-really-work) (2012) by Larry Connors.

As with most of the strategies from this book, they are meant to illustrate certain characteristics of the market rather than be traded directly.

## Rules

**Short-Term Highs**

1. Enter a long trade when the market (e.g., SPX or SPY) makes a 5-day, 10-day, etc. high.
2. Exit the trade after one week.

**Short-Term Lows**

1. Enter a long trade when the market (e.g., SPX or SPY) makes a 5-day, 10-day, etc. low.
2. Exit the trade after one week.

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