When SPY/S&P 500 Closes In the Bottom of Today’s Range (IBS)

Mean reversion strategies work well in the stock market. One of the best indicators for such strategies is the¬†Internal Bar Strength Indicator (IBS): (HIGH-CLOSE)/(HIGH-LOW) This simple formula increases the odds a lot, in my experience, for mean-revertive assets like stocks and stock indices. Here is an example: Enter at close if the above formula is…