S&P 5007583.4
BEARISH-58
Bullish10%
Bearish65%
Consensus82
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 2026-10-30
Updated 2026-10-31 00:46 UTC
Updated 2026-10-31 00:46 UTC
Nasdaq 10028391.9
BEARISH-35
Bullish20%
Bearish55%
Consensus25
1D n/a3D n/a5D n/a
Gold3883.225
BEARISH-28
Bullish25%
Bearish50%
Consensus62
1D n/a3D n/a5D n/a
Crude Oil104.561
NEUTRAL-10
Bullish35%
Bearish45%
Consensus35
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's direct SPX500_USD/SPX/S&P 500 technical coverage is materially bearish for the forward-looking short-term narrative. Most listed trend, momentum, and aggregate indicators are short, while several oscillators remain neutral and a small number of longer-term measures are supportive. | Longer-term support from some trend measures · Mixed momentum signalsBroad short-term technical weakness · Sell-oriented aggregate signal · Negative momentum and trend indicators | 62 | 68 | 1 |
| Nasdaq 100 | The repository presents a predominantly bearish near-term Nasdaq narrative, with sell signals and widespread short-term technical weakness across NAS100, Nasdaq and QQQ aliases. The outlook is moderated by longer-term support from 100- and 200-period averages and some neutral or positive readings, but the evidence comes from one apparent analytics source and does not establish broad independent consensus. | Long-term trend support from 200-period moving averages · Potential support near established pivot levelsBroad short- and medium-term moving-average weakness · Sell signal and negative momentum indicators · Downside pressure across MACD, Ultimate, Williams and Awesome Oscillator | 65 | 70 | 1 |
| Gold | The repository's current Gold narrative is moderately bearish but mixed. Most moving-average, Hull, VWAP, momentum, bull/bear power, and stochastic-RSI readings are short, while the 9/13 count, ADX, MACD, and limited longer-horizon signals provide countervailing support. Retail positioning is close to balanced with a slight bullish tilt, reducing overall conviction. | Buy signal from the 9/13 count indicator · Some longer-horizon trend and momentum supportBroad short signals across moving averages · Weak short-term momentum and downside technical pressure | 58 | 54 | 2 |
| Crude Oil | The repository presents a mixed but slightly bearish forward-looking narrative for oil. WTI and WTICO_USD both carry sell signals from the 9/13 count, while technical readings are divided between short-term weakness and longer-horizon support. Retail positioning for WTICO_USD is strongly bullish, but overall source agreement is low because the signals conflict. | Longer-horizon moving-average support · Positive momentum and MACD signals · Strong retail bullish positioning for WTICO_USDSell signal from the 9/13 count indicator · Short-term weakness across several moving averages · Conflicting momentum and oscillator readings | 50 | 55 | 2 |
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
- 1 markets neutral or mixed
- 3 markets bearish