# Turnaround

This strategy is based on [Turnaround Tuesdays on Steroids](https://www.quantitativo.com/p/turnaround-tuesdays-on-steroids) by Quantitativo.

The basic idea is that the market tends to rebound on Tuesdays (or Wednesdays) following a recent decline.

## Rules

1. The day of the week must be Monday or Tuesday.
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).
3. Exit the trade when the close is higher than the previous day's high.

## Parameters

N/A

## Backtest Results

### SPY

![SPY Analysis](https://static.moshington.com/images/strategies/turnaround/spy-analysis.png)

![SPY Summary](https://static.moshington.com/images/strategies/turnaround/spy-summary.png)

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