Tuesday is the best day of the week to play long after a significant drop. I don’t look at days of the week specifically, in my stuff. I subscribe to a service called Bespoke and as far as I know they started calling this setup Turnaround Tuesday.
One of the major technical differences between above action versus below is that the win percentage for below trades is better than above. The trader retains the right to be bitch slapped though. Tuesday buys after significant Monday weakness have a great winning percentage. Late February – March this year was a pretty impressive period to see this.
There is the little issue of timing the entry and having a realistic plan.
