Commitments of Traders data released today showed that SP500 Small Traders increased their net long position from 70,615 contracts to 80,232 contracts. Once again that’s a new five year high. History tells us to be wary when it’s the Small Traders group who are the most bullish, especially at an extreme like this.
SP500 2002 – Current DAX chart – Gann level
From a Gann perspective there is a similarity between the current DAX chart and the SP500 at the 2002 low. The SP500 2002 bear market low was a triple bottom on the Gann half high major support level. That’s where the DAX finds itself now. One thing is for sure – if the DAX should […]
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