Our knowledge exhibits merchants are actually net-long US 500 for the primary time since Dec 23, 2021 when US 500 traded close to 4,725.70.

Number of merchants net-short has decreased by 19.74% from final week.

US 500: Retail dealer knowledge exhibits 51.04% of merchants are net-long with the ratio of merchants lengthy to brief at 1.04 to 1. In reality, merchants have remained net-long since Dec 23 when US 500 traded close to 4,725.70, worth has moved 0.82% decrease since then. The variety of merchants net-long is 3.22% greater than yesterday and 36.96% greater from final week, whereas the variety of merchants net-short is 4.06% decrease than yesterday and 19.74% decrease from final week.

We usually take a contrarian view to crowd sentiment, and the actual fact merchants are net-long suggests US 500 costs could proceed to fall.

Our knowledge exhibits merchants are actually net-long US 500 for the primary time since Dec 23, 2021 when US 500 traded close to 4,725.70. Traders are additional net-long than yesterday and final week, and the mixture of present sentiment and up to date modifications offers us a stronger US 500-bearish contrarian buying and selling bias.

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