Forexrobots24

forex advisor developer

Wall Street IG Client Sentiment: Our data shows traders are now net-long Wall Street for the first time since Jul 10, 2020 when Wall Street traded near 26,094.90.

Wall Street Client Positioning

Number of traders net-short has decreased by 26.81% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

Wall Street

BEARISH

50.69%

49.31%

44.52% Daily

48.70% Weekly

-14.42% Daily

-26.81% Weekly

7.88% Daily

-1.45% Weekly

Wall Street: Retail trader data shows 50.69% of traders are net-long with the ratio of traders long to short at 1.03 to 1. In fact, traders have remained net-long since Jul 10 when Wall Street traded near 26,094.90, price has moved 6.51% higher since then. The number of traders net-long is 44.52% higher than yesterday and 48.70% higher from last week, while the number of traders net-short is 14.42% lower than yesterday and 26.81% 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 Jul 10, 2020 when Wall Street traded near 26,094.90. 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.