2024-11-14 13:52:30 +00:00
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# Turnaround
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2024-11-14 14:04:25 +00:00
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This strategy is based on [Turnaround Tuesdays on Steroids](https://www.quantitativo.com/p/turnaround-tuesdays-on-steroids) by Quantitativo.
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The basic idea is that the market tends to rebound on Tuesdays (or Wednesdays) following a recent decline.
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2024-11-14 13:59:37 +00:00
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2024-11-14 14:02:41 +00:00
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## Rules
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1. The day of the week must be Monday or Tuesday.
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2. If the asset (e.g., SPY) has closed lower for the past 2 days, enter a long trade on the following open (i.e., Tuesday or Wednesday morning).
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3. Exit the trade when the close is higher than the previous day's high.
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2024-11-14 14:05:25 +00:00
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## Parameters
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N/A
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2024-11-14 13:52:30 +00:00
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---
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