Number of traders net-short has increased by 22.26% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| Wall Street | BULLISH | 47.68% | 52.32% |
-28.15% Daily -19.91% Weekly |
33.10% Daily 22.26% Weekly |
-5.37% Daily -2.27% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -28% | 33% | -5% |
| Weekly | -20% | 22% | -2% |
Wall Street: Retail trader data shows 47.68% of traders are net-long with the ratio of traders short to long at 1.10 to 1. In fact, traders have remained net-short since May 23 when Wall Street traded near 33,096.00, price has moved 1.58% higher since then. The number of traders net-long is 28.15% lower than yesterday and 19.91% lower from last week, while the number of traders net-short is 33.10% higher than yesterday and 22.26% 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 May 23, 2023 19:00 GMT when Wall Street traded near 33,096.00. 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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