FTSE 100: Retail trader data shows 49.68% of traders are net-long with the ratio of traders short to long at 1.01 to 1.In fact, traders have remained net-short since Feb 07 when FTSE 100 traded near 7,638.50, price has moved 0.15% higher since then. The number of traders net-long is 16.94% lower than yesterday and 21.91% lower from last week, while the number of traders net-short is 23.33% higher than yesterday and 21.83% higher from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests FTSE 100prices may continue to rise.

Our data shows traders are now net-short FTSE 100 for the first time since Feb 07, 2024 11:00 GMT when FTSE 100 traded near 7,638.50. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger FTSE 100-bullish contrarian trading bias.

Source https://www.dailyfx.com/analysis/FT100-IG-Client-Sentiment-202402160923.html