Intraday observation: $S 15-minute open interest rose 2.85%, currently around $12.43 million; price rose 1.77% over the same period.
Rising prices with rising open interest suggest aggressive longs; falling prices with rising open interest suggest active shorts. When prices stay flat as open interest rises, something big is usually brewing.
Rising prices with rising open interest suggest aggressive longs; falling prices with rising open interest suggest active shorts. When prices stay flat as open interest rises, something big is usually brewing.