The latest Commitment of Traders report shows funds are still very short compared to the 2020 average. Real estate shorts are still somewhat high but no where near as high as on the Nikkei
I'm releasing my CoT analysis dashboard using the netflify platform for those who would like to see it. Trading view does not like anyone sharing URLs from what I remember so you can find it here: cot-tails dot netlify dot app ( replace the "dot" with a . )
You can filter what percent of a deviation from the norm you want to see. The position will highlight in red
If price can reclaim the fib level above, I see 6660 as next target. I would not buy anything until support above there is built. Failure below that fib is not a great place to be long
The safest approach is waiting until new highs
As I've pointed out before, this is the rhythm of the S&P and I don't see any real evidence that it will not continue yet
I'm releasing my CoT analysis dashboard using the netflify platform for those who would like to see it. Trading view does not like anyone sharing URLs from what I remember so you can find it here: cot-tails dot netlify dot app ( replace the "dot" with a . )
You can filter what percent of a deviation from the norm you want to see. The position will highlight in red
If price can reclaim the fib level above, I see 6660 as next target. I would not buy anything until support above there is built. Failure below that fib is not a great place to be long
The safest approach is waiting until new highs
As I've pointed out before, this is the rhythm of the S&P and I don't see any real evidence that it will not continue yet
