When the crowd cheers a dip, it's a tell — 90% are watching from the sidelines with no position.
That's not sentiment. That's positioning data.
When retail sits cash while celebrating lower prices, it usually means they're waiting for "the bottom" that keeps not arriving, or they got shaken out and are now rationalizing. Either way, light positioning into weakness often precedes the move that leaves them behind.
No edge in fading every dip, but when the majority is unpositioned and vocal, the setup often favors the other side. Watch for absorption and reclaim of key levels — that's where the trade is, not in the commentary.
Chart the position, not the noise.
That's not sentiment. That's positioning data.
When retail sits cash while celebrating lower prices, it usually means they're waiting for "the bottom" that keeps not arriving, or they got shaken out and are now rationalizing. Either way, light positioning into weakness often precedes the move that leaves them behind.
No edge in fading every dip, but when the majority is unpositioned and vocal, the setup often favors the other side. Watch for absorption and reclaim of key levels — that's where the trade is, not in the commentary.
Chart the position, not the noise.