The CFTC US index net bulls are in a state of continuous compensation, but still below the zero axis. The US index is still in headwinds and could face more pressure to fall below this level.
The US index is now breaking the market at the weekly level, and will remain in decline if it fails to recover here. The CFTC US index net bulls continue to decline sharply, and have now fallen below the zero axis, and the bulls have been devastated.
The net long position of the CFTC US index has fallen for ten consecutive times, and it has fallen below the zero axis, and the bullish sentiment has been destroyed. The US index also fell to the key pivot level of 104. Failure to recover here may increase the selling force.