Wednesday, October 30, 2024
HomeForex TradingOur knowledge reveals merchants at the moment are net-short US 500 for...

Our knowledge reveals merchants at the moment are net-short US 500 for the primary time since Sep 21, 2022 when US 500 traded close to 3,767.83.

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Variety of merchants net-short has elevated by 28.71% from final week.

SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI
US 500 BULLISH 49.89% 50.11%

-9.44% Day by day

-19.35% Weekly

6.03% Day by day

28.71% Weekly

-2.30% Day by day

-0.79% Weekly

US 500: Retail dealer knowledge reveals 49.89% of merchants are net-long with the ratio of merchants brief to lengthy at 1.00 to 1. The truth is, merchants have remained net-short since Sep 21 when US 500 traded close to 3,767.83, value has moved 3.14% increased since then. The variety of merchants net-long is 9.44% decrease than yesterday and 19.35% decrease from final week, whereas the variety of merchants net-short is 6.03% increased than yesterday and 28.71% increased from final week.

We usually take a contrarian view to crowd sentiment, and the very fact merchants are net-short suggests US 500 costs might proceed to rise.

Our knowledge reveals merchants at the moment are net-short US 500 for the primary time since Sep 21, 2022 when US 500 traded close to 3,767.83. Merchants are additional net-short than yesterday and final week, and the mix of present sentiment and up to date adjustments provides us a stronger US 500-bullish contrarian buying and selling bias.





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