SP500 Open Interest
Interesting alarm was activated today. It is when open interest drops more than ~15% is what i think I have it set to.
In the past this has meant a moderate to severe drop in the SP500 or a major trend reversal as seen last XMAS.
I think what it means is make sure you have a well defined stop loss or skim some winners off the top until we build a base up here and it seems sturdy.
In the past this has meant a moderate to severe drop in the SP500 or a major trend reversal as seen last XMAS.
I think what it means is make sure you have a well defined stop loss or skim some winners off the top until we build a base up here and it seems sturdy.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.