A quick note, Oct 15, 22:22:
$Q : Open interest fell while the price rose. Over the past 24 hours, open interest was down 41.81% and the price was up 12.41%. Total open interest was around $17.45 million.
My personal rule: when open interest falls as the price rises, don't chase the rally. Wait for open interest to start increasing again—that often signals that new money is willing to enter the market.
I'll check back in a few days and compare the price action.
#Q
$Q : Open interest fell while the price rose. Over the past 24 hours, open interest was down 41.81% and the price was up 12.41%. Total open interest was around $17.45 million.
My personal rule: when open interest falls as the price rises, don't chase the rally. Wait for open interest to start increasing again—that often signals that new money is willing to enter the market.
I'll check back in a few days and compare the price action.
#Q