Short-Term, High-Probability Mean Reversion Indicator: Overbought Readings Continue to Increase
Andrew Crowder submits: A few days ago I mentioned the potential for a trade in the Materials sector (XLB) as it had pushed into a “very overbought” extreme. Wednesday, I finally placed the trade in my High-Probability, Mean-Reversion strategy as XLB hit a reading of 99.3. Again, I am taking advantage of a short-term overbought [...]