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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