Technically, $TRUMP 's contract data and price have diverged (open interest is rising while price is falling): 24-hour open interest +19.83%, price -11.44%, current price 1.418.
Two things to watch next:
First, whether open interest continues to rise; further increases could mean bears are still pressing their attack. Second, whether a rebound can reclaim lost ground on increased volume. If it does, watch out for a concentrated short covering.
#TRUMP
For reference only, not investment advice.
Two things to watch next:
First, whether open interest continues to rise; further increases could mean bears are still pressing their attack. Second, whether a rebound can reclaim lost ground on increased volume. If it does, watch out for a concentrated short covering.
#TRUMP
For reference only, not investment advice.