One intraday signal worth watching: $ICNT 1-hour open interest rose 6.84%, to around $7.13 million; over the same period, the price rose 7.77%.
Funds can flow into contracts quickly—and often leave just as quickly. The sustainability of a rally driven by rising open interest is questionable.
Funds can flow into contracts quickly—and often leave just as quickly. The sustainability of a rally driven by rising open interest is questionable.