Our data shows traders are now net-long Wall Street for the first time since May 20, 2021 when Wall Street traded near 34,102.00.

Number of traders net-short has decreased by 8.48% from last week. SYMBOL TRADING BIAS NET-LONG%

Number of traders net-short has decreased by 8.48% from last week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

Wall Street

BEARISH

50.46%

49.54%

6.61%
Daily

29.84%
Weekly

-4.72%
Daily

-8.48%
Weekly

0.68%
Daily

7.54%
Weekly

Wall Street: Retail trader data shows 50.46% of traders are net-long with the ratio of traders long to short at 1.02 to 1. In fact, traders have remained net-long since May 20 when Wall Street traded near 34,102.00, price has moved 1.19% higher since then. The number of traders net-long is 6.61% higher than yesterday and 29.84% higher from last week, while the number of traders net-short is 4.72% lower than yesterday and 8.48% 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 May 20, 2021 when Wall Street traded near 34,102.00. 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.

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