Thursday, March 22, 2012

RSI 2 SPY Stragegy

The RSI 2 Strategy triggered today as RSI 2 length fell below 10%.  Here's the stats to the system, and the rules

Longs: RSI 2 closes below 10% and price is above the 200 SMA.  Exit longs when price closes back over the 9 SMA

Shorts: RSI 2 closes above 90% and price is below the 200 SMA.  Exit shorts when price closes back below the 8 SMA

where this system get's caught of course is during market inflection points i.e. a downtrend is starting or an uptrend is beginning 

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