S&P 5007601.4
SLIGHTLY BEARISH-20
Bullish35%
Bearish55%
Consensus70
1D n/a3D n/a5D n/a
Hedgwatch Research
Retail Sentiment
A daily measure of directional market narratives across major equity indices, gold and crude oil. Track where commentary is leaning—and how that positioning changes through time.
As of 2026-09-16
Updated 2026-09-17 00:31 UTC
Updated 2026-09-17 00:31 UTC
Nasdaq 10029182
BEARISH-35
Bullish25%
Bearish55%
Consensus55
1D n/a3D n/a5D n/a
Gold4283.875
BEARISH-30
Bullish25%
Bearish55%
Consensus35
1D n/a3D n/a5D n/a
Crude Oil101.558
SLIGHTLY BEARISH-12
Bullish34%
Bearish41%
Consensus31
1D n/a3D n/a5D n/a
Historical signal
Sentiment trend
−100 strongly bearish · 0 neutral · +100 strongly bullish · click a Price legend item to compare
Narrative detail
What is driving sentiment
Conviction, intensity and dominant themes from the latest observation
| Market | Current narrative | Dominant themes | Conviction | Intensity | Coverage |
|---|---|---|---|---|---|
| S&P 500 | The repository presents a moderately bearish near-term narrative for SPX, despite longer-term trend support and strongly bullish retail positioning. Short- and medium-term moving averages, momentum, MACD, VWAP, ADX, Williams and the 9/13 count signal are predominantly bearish, while the 100- and 200-period averages remain bullish and several oscillators are neutral. Coverage is concentrated in one analytics source dated 2026-07-25 rather than the requested run date. | Long-term trend support from 100- and 200-period moving averages · Bullish retail positioningShort-term technical weakness · Sell signal and negative momentum indicators | 62 | 68 | 1 |
| Nasdaq 100 | The repository's Nasdaq narrative is moderately bearish and concentrated on short-term weakness. Most technical measures for NAS100_USD/Nasdaq/QQQ/Nasdaq-100 are short, including short- and medium-term moving averages, VWAP, momentum, MACD and the 9/13 signal, while longer-term 200-period averages remain long. Retail positioning is conflicted: NAS100_USD is nearly balanced with a slight bearish tilt, whereas QQQ positioning is materially bullish. | Long-term moving-average support · Potential recovery from oversold short-term weakness · Bullish QQQ retail positioningBroad short-term technical deterioration · Sell signal and negative momentum · Resistance and downside-risk focus | 65 | 70 | 3 |
| Gold | The repository presents a mixed but moderately bearish forward-looking technical narrative for Gold. A buy count signal, positive momentum, and substantial upside resistance levels provide bullish counterpoints, but most moving averages, VWAP, MACD, and several trend measures indicate near-term downside pressure. Coverage is concentrated in one duplicated technical-analysis passage, limiting consensus strength. | Buy count signal · Positive momentum · Longer-term upside levelsBroad short-term moving-average weakness · Bearish MACD and VWAP · Downside technical pressure | 55 | 60 | 1 |
| Crude Oil | The repository's direct oil coverage is limited to one apparent technical-analysis passage for WTI. Its forward-looking stance is mildly bearish: the 9/13 count is sell and several short-term moving averages and momentum measures are negative, although longer-term averages, MACD, momentum, and some oscillators remain supportive. The resulting narrative is mixed with a modest downside bias and low source consensus. | Longer-term moving-average support · Positive momentum and MACD signals · Price support near established pivot levelsSell signal from the 9/13 count · Short-term moving-average weakness · Mixed but downside-leaning technical configuration | 44 | 36 | 1 |
How to read this page
Scores measure the directional balance of current market commentary. Positive readings indicate a greater share of bullish forward-looking narratives; negative readings indicate a greater share of bearish narratives. A rising score means narrative momentum is improving, while a falling score means it is deteriorating.
Current breadth
- 0 markets bullish
- 0 markets neutral or mixed
- 4 markets bearish