541 B
541 B
Turnaround
This strategy is based on Turnaround Tuesdays on Steroids by Quantitativo, which itself is based on the idea that the market tends to rebound on Tuesdays after a recent decline.
Rules
- The day of the week must be Monday or Tuesday.
- 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).
- Exit the trade when the close is higher than the previous day's high.