Commentary

9/21/20 – Probable x00 For Turnaround Tuesday

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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s