Our data shows traders are now at their least net-long Wall Street since Jan 06 when Wall Street traded near 30,872.60.

Our data shows traders are now at their least net-long Wall Street since Jan 06 when Wall Street traded near 30,872.60.

Number of traders net-short has increased by 56.58% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

Wall Street

BULLISH

16.56%

83.44%

-3.79%
Daily

-38.83%
Weekly

1.24%
Daily

56.58%
Weekly

0.37%
Daily

24.45%
Weekly

Wall Street: Retail trader data shows 16.56% of traders are net-long with the ratio of traders short to long at 5.04 to 1. Our data shows traders are now at their least net-long Wall Street since Jan 06 when Wall Street traded near 30,872.60. The number of traders net-long is 3.79% lower than yesterday and 38.83% lower from last week, while the number of traders net-short is 1.24% higher than yesterday and 56.58% higher from last week.

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

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Wall Street-bullish contrarian trading bias.

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Originally Posted on: https://www.dailyfx.com/forex/technical/sentiment/2021/03/15/WALL-IG-Client-Sentiment-0623.html
By: Research

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