As I have documented numerous times, “Turnaround Tuesday” has generally been the best day of the week under many circumstances for the market to begin to mount a bounce. Below is a simple look at 2-day pullbacks when SPX is below the 200ma and we are heading into Tuesday.
The numbers appear quite bullish and the curve has seen an upward acceleration. Turnaround Tuesday’s have provided many edges over the years. Traders may want to keep this in mind on Tuesday.
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