S&P 500: Weekly Short Positions Soar 46% to Multi-Month High
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.
Recent changes in sentiment warn that the current GBPUSD price trend may soon reverse higher despite the fact traders remain net-long.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bullish contrarian trading bias.
The combination of current sentiment and recent changes gives us a further mixed Spot Gold trading bias.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Bitcoin-bearish contrarian trading bias.
The Elliott Wave chart pattern for USDJPY shows the potential for a bearish reversal near current levels in wave ((b)) of a bearish zigzag.
The Euro looks to be resuming its downtrend against the US Dollar after prices broke below support guiding the currency’s recent recovery.
The bearish continuation pattern in EUR/GBP prices preceded a drop as anticipated and more losses could be ahead in the medium-term. There may be a corrective pause in the short-term.