Home Forex Our data shows traders are now net-long Wall Street for the first time since Feb 01, 2021 when Wall Street traded near 30,246.40.

Our data shows traders are now net-long Wall Street for the first time since Feb 01, 2021 when Wall Street traded near 30,246.40.

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Number of traders net-short has decreased by 37.25% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI


Wall Street

BEARISH

51.15%

48.85%

9.47%
Daily

61.11%
Weekly

2.64%
Daily

-37.25%
Weekly

6.02%
Daily

-8.75%
Weekly

Wall Street: Retail trader data shows 51.15% of traders are net-long with the ratio of traders long to short at 1.05 to 1. In fact, traders have remained net-long since Feb 01 when Wall Street traded near 30,246.40, price has moved 2.90% higher since then. The number of traders net-long is 9.47% higher than yesterday and 61.11% higher from last week, while the number of traders net-short is 2.64% higher than yesterday and 37.25% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Wall Street prices may continue to fall.

Our data shows traders are now net-long Wall Street for the first time since Feb 01, 2021 when Wall Street traded near 30,246.40. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Wall Street-bearish contrarian trading bias.



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