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.

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.

Number of traders net-short has increased by 18.73% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

Wall Street

BULLISH

49.12%

50.88%

-17.17%
Daily

-6.32%
Weekly

30.71%
Daily

18.73%
Weekly

1.81%
Daily

4.94%
Weekly

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.

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Originally Posted on: https://www.dailyfx.com/forex/technical/sentiment/2022/03/15/WALL-IG-Client-Sentiment-1823.html
By: Research

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