The Turnaround Tuesday Trading Strategy (Setups, Rules, Performance Analysis, Insights)
The Turnaround Tuesday effect happens from the close of Monday’s trading session until (at least) the close of Tuesday’s trading session. The effect is no myth! Let’s do some backtesting to find what seems to work and not work.
We test the following strategy and make the following trading rules:
Today is Monday.
The close must be at least 1% lower than Friday’s close.
If one and two are true, then enter at the close.
Exit at the close on Tuesday.
This simple trading strategy looks pretty good (Shown below image)
You can find more info about this trading strategy here:
https://www.quantifiedstrategies.com/turnaround-tuesday/