Number of traders net-short has decreased by 21.49% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| Wall Street | BEARISH | 50.96% | 49.04% |
31.03% Daily 62.69% Weekly |
-9.66% Daily -21.49% Weekly |
7.33% Daily 6.63% Weekly |
Wall Street: Retail trader data shows 50.96% of traders are net-long with the ratio of traders long to short at 1.04 to 1. In fact, traders have remained net-long since Jan 20 when Wall Street traded near 33,362.50, price has moved 0.16% lower since then. The number of traders net-long is 31.03% higher than yesterday and 62.69% higher from last week, while the number of traders net-short is 9.66% lower than yesterday and 21.49% 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 Jan 20, 2023 when Wall Street traded near 33,362.50. 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.
element inside the
element. This is probably not what you meant to do!Load your application’s JavaScript bundle inside the element instead.
www.dailyfx.com