$MAGMA 15-minute open interest increased by 4.55%, while the price rose by 5.34%.
Money flows quickly into futures contracts, and usually leaves just as quickly. When a rally is driven by rising open interest, its staying power is questionable.
I don't predict tops or bottoms; I respond by following the direction indicated by market structure.
#MAGMA
Money flows quickly into futures contracts, and usually leaves just as quickly. When a rally is driven by rising open interest, its staying power is questionable.
I don't predict tops or bottoms; I respond by following the direction indicated by market structure.
#MAGMA