Number of traders net-short has increased by 18.73% from last week.
CHANGE IN LONGS
CHANGE IN SHORTS
CHANGE IN OI
Wall Street: Retail trader data shows 49.12% of traders are net-long with the ratio of traders short to long at 1.04 to 1. In fact, traders have remained net-short since Mar 03 when Wall Street traded near 33,877.40, price has moved 1.84% lower since then. The number of traders net-long is 17.17% lower than yesterday and 6.32% lower from last week, while the number of traders net-short is 30.71% higher than yesterday and 18.73% 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.
Our data shows traders are now net-short Wall Street for the first time since Mar 03, 2022 when Wall Street traded near 33,877.40. 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.
element inside the element. This is probably not what you meant to do!
Originally Posted on: https://www.dailyfx.com/forex/technical/sentiment/2022/03/15/WALL-IG-Client-Sentiment-1823.html