S&P 500, DAX 30, FTSE 100, Technical Analysis, Retail Trader Positioning - Talking Points
- Global stock markets fell on Tuesday, retail traders were quick to act
- Rising long bets in the S&P 500, DAX 30 and FTSE 100 offer warning
- Check out last week’s webinar recording to learn about retail positioning
Risk aversion struck financial markets over the past 24 hours, sending global stock markets lower. On Wall Street, the S&P 500 declined. Germany’s DAX 30 also weakened while the FTSE 100 dropped on the London Stock Exchange.
Retail traders were quick to act, taking up long positions in these markets, according to IG Client Sentiment (IGCS). IGCS is typically a contrarian indicator. For more analysis on this tool, check out last week’s webinar recording where I discussed how you can use IGCS in a trading strategy.