$IDOL down to $0.0190. Above $0.0293 I'm wrong.
I called $IDOL down to $0.0300 yesterday and it broke there within hours. Tonight it printed +23.5% in the 23:00 hour on 23.4M quote volume, then handed the whole spike back to $0.0226 inside the next hour. Open contracts fell from 784.7M to 753.4M during that rally, so it was short covering, not new longs. Account long/short slid from 1.14 to 0.81.
Which comes first, $0.0190 or $0.0293?
I called $IDOL down to $0.0300 yesterday and it broke there within hours. Tonight it printed +23.5% in the 23:00 hour on 23.4M quote volume, then handed the whole spike back to $0.0226 inside the next hour. Open contracts fell from 784.7M to 753.4M during that rally, so it was short covering, not new longs. Account long/short slid from 1.14 to 0.81.
Which comes first, $0.0190 or $0.0293?