Number of traders net-short has decreased by 37.25% from last week.
CHANGE IN LONGS
CHANGE IN SHORTS
CHANGE IN OI
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.
Originally Posted on: https://www.dailyfx.com/forex/technical/sentiment/2021/03/01/WALL-IG-Client-Sentiment-0023.html