Today, the QID RSI(2) was below 5. After the afternoon reversal in the Qs, the RSI(2) closed well above 10, likely near 30. However, the strategy still triggers a buy on the open of the [[QID]].
I was also watching the double short S&P [[SDS]] and I swear the RSI(2) was reading around 8, late morning. Thus, it too has signaled a buy on the open. Strangely enough, Stockcharts now does not show that the RSI(2) dipped below 10. For this reason I’m not comfortable saying that the trade has triggered.
Full Disclosure: I bought 100 QID and 100 SDS just before the close.