— RESEARCH

ApolloAlpha research

Notes on the data and methods behind our work. Each article states what we did, how we did it and what we measured, with the numbers. Where an article has an interactive chart, you can reproduce what we describe.

3 November 2026The Market Doesn't Trade in Candles. We Invented Those.What happens when you shift a candlestick chart by just a few seconds? We rebuilt candles from S&P 500 futures data with 60 different start times, and measured how much they change.

Research notes describe statistical results on historical data. They are not financial advice, and past results do not guarantee future results.