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% -38.83% | 1.24% 56.58% | 0.37% 24.45% |
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
