ARTICLE SYNOPSIS ...Momentum And The S&P 500 by Michael Oliver and Gary Esayian As applied to market action, momentum is generally confined to some limited role such as measuring the relationship between moving averages. But momentum can be much more. Michael Oliver and Gary Esayian explain. Momentum, the relative change in price over a specified time, can be used as a methodology of sorts for market analysis. Momentum provides a measure of insight that goes far beyond simple price confirmation. Price can be considered to be the veneer of a market, the side that is clearly visible to the public. Beneath the s...