🏦 Banks Say🟢BUY when they Are🔴SELLING!
Based on the Commitments of Traders data reported on: July 5th 2022
S&P 500: Institutional traders have a BEARISH SENTIMENT.
Overview: Price dropped slightly on the weekly chart and as it did the institutions added aggressively to their 🔴 short positions from 77k to 84k while at the same time reducing their 🟢 long positions from a cooled off 49k to 47k. We clearly have a weekly downtrend formed by the banks and we can see that they are adding to their short positions which is putting newt positions into the negative for 3 straight weeks in a row. All the evidence suggests more downside is coming.