Detecting the cause of the GAP

From price spike to matched headline:

1. Detect the move: Moodix continuously watches ES. A sudden gap or spike flags a potential news reaction.

2. Locate the cause: It inspects the headlines published in the same minute (typically 3–4 items; dozens during EU and US sessions).

3. Validate: Analysts confirm the specific headline that plausibly triggered the move.

4. Score the impact: The immediate price change (in basis points) becomes the Impact Score for that headline, and the event is stored together with its direction and topic tag.