High-Probability Mean Reversion Indicator (ETFs Heading into the Week of May 9, 2022)

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Below is my list of ETFs with the most liquid options for the week of May 9.

Here are the various levels I use to determine if an ETF is in an oversold or overbought state.

Very Overbought – a reading greater than or equal to 90.0

Overbought – greater than or equal to 75.0

Neutral – between 20.0 and 75.0

Oversold – less than or equal to 20.0

Very Oversold – less than or equal to 10.0

I will provide this information for the following ETFs on a weekly basis going forward. Stay tuned!

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