Mean Reversion Setup: MTUM1. RSI in oversold region
2. Price likely to rebound back to the mean
Trade Rules:
Entry Trigger - RSI has cross below oversold region, enter limit buy at close price
Exit Trigger - Close at market when close price cross above exit trigger (Red Line)
Notes: Maximum of 3 open positions
What traders are saying
A top in the Momentum (MTUM) trade?the Momentum ETF (MTUM) is showing signs of a potential top (at east an interim top for a 10% sized correction if not larger).
Momentum is waning, RSI is diverging, wave patterns can count as complete and the market in general is looking stretched at least short term.
Watch the main component stocks like JPM WMT NVDA ORCL for clues.

