More proof Bulls are in control for at least $8,500 retest!

30 Agu 2018

So I have always followed shorts and longs by the numbers in order to try and figure out where the market sentiment is heading since tracking longs and shorts were available. This chart I am posting is the longs dived by shorts ratio which equals the blue line. Shout out to Tone Vays for sharing this tool. Now we have a clear ratio to look at and you can see we are quite bullish under 1.0 and quite bearish above 1.75 and 2.0. We are barely at 1.06 which is quite low and gives more validity of a $8,500 retest on top of the wyckoff accumulations. Thought this was cool and wanted to share. This is not financial advice just educational. Cheers good luck.