$TOWNS This rally looks like it’s being pushed like a real leverage move. In the last 15 minutes, it’s up 2.14%, and volume has reached 3.12x the average. OI also rose by 1.8%—it doesn’t look like a fake push from pure short covering.
At present, the abnormality level of total OI ranks second in the whole pool (99.6th percentile). It’s extending across multiple periods, which suggests it’s not a one-off event. The gap in aggressive order flow is close to 10%, and the bids are active. The order consumption is more buy-leaning, and the footprint of incremental capital entering looks quite clear.
However, note that the backdrop says it’s “close to its own historical extreme range,” so chasing longs at this level has low tolerance. If volume keeps shrinking or OI starts turning/rolling over, be careful about a pullback. For the short term, you can watch whether volume and OI can continue to resonate together; otherwise, it may easily flip/turn.
At present, the abnormality level of total OI ranks second in the whole pool (99.6th percentile). It’s extending across multiple periods, which suggests it’s not a one-off event. The gap in aggressive order flow is close to 10%, and the bids are active. The order consumption is more buy-leaning, and the footprint of incremental capital entering looks quite clear.
However, note that the backdrop says it’s “close to its own historical extreme range,” so chasing longs at this level has low tolerance. If volume keeps shrinking or OI starts turning/rolling over, be careful about a pullback. For the short term, you can watch whether volume and OI can continue to resonate together; otherwise, it may easily flip/turn.