Shorts are getting more aggressive with the DJI which already has a higher high ( minor ) where as S&P and and Nasdaq have yet to make higher highs .
Furthermore , earlier today DJIA was 58% net short and German 40 and French 40 indices were closer to 51% net short each and they both closed at 55% net short .
I have a contrarian view on these things usually .So I see this as something worth watching as some of the best times in history in the market to be going long the market were when we had shorts increasing day by day into the what turned out in some cases to be the bottom no one believed in . I am not saying we have bottomed but I think that keeping track of net short vs long levels can probably be a useful tool , especially when you see it happening into a higher high and lower 1/3rd of a trading range.
Another interesting one for me, USD.CAD closed 57% net short and that number has been increasing but is there a reversal pattern or change of structure ? perhaps a climax top , nope ... Higher highs and higher lows . There are quite a few wicks near this price area but still no break below a significant price area , low probability short yet its net short and shorts are increasing. Personally, I think that might give it more fuel to continue it's march .
Anyways , just some observations ...
Furthermore , earlier today DJIA was 58% net short and German 40 and French 40 indices were closer to 51% net short each and they both closed at 55% net short .
I have a contrarian view on these things usually .So I see this as something worth watching as some of the best times in history in the market to be going long the market were when we had shorts increasing day by day into the what turned out in some cases to be the bottom no one believed in . I am not saying we have bottomed but I think that keeping track of net short vs long levels can probably be a useful tool , especially when you see it happening into a higher high and lower 1/3rd of a trading range.
Another interesting one for me, USD.CAD closed 57% net short and that number has been increasing but is there a reversal pattern or change of structure ? perhaps a climax top , nope ... Higher highs and higher lows . There are quite a few wicks near this price area but still no break below a significant price area , low probability short yet its net short and shorts are increasing. Personally, I think that might give it more fuel to continue it's march .
Anyways , just some observations ...
Nota
DJI now 74 % net short , and we just took back its 200 ema ...Nota
Friday we closed at 78% net short and S&P officially joined the net short club ...Nota
first tick down today to 72% short, shorts that are covering here potentially providing us support above 200 ema here ?
艾力克~
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艾力克~
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.