Despite the strong lead from US markets, and sound economic data out of China, the Aussie 200 has been under pressure today. This has come as a surprise to many, including the majority of CMC’s top traders. Our Client Sentiment Indicator shows that at 9am AEDT this morning 62% of our top clients were bought, and the combined value of their trades equated to 72% of the total open positions within this instrument. However, today’s selling has not deterred the bulls. In fact, it has encouraged them. Long sentiment has increased throughout the day. Currently 77% of our top clients are long, and the combined value of their trades now equates to 94% of the total open positions within this instrument. (The Client Sentiment Indicator may be accessed by clicking on the arrow next to the instrument below and selecting from the drop down menu).

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