S&P 5007631
SLIGHTLY BEARISH-15
Bullish35%
Bearish50%
Consensus55
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 2026-10-23
Updated 2026-10-24 00:51 UTC
Updated 2026-10-24 00:51 UTC
Nasdaq 10028974.6
BEARISH-42
Bullish15%
Bearish65%
Consensus76
1D n/a3D n/a5D n/a
Gold4001.035
SLIGHTLY BEARISH-15
Bullish35%
Bearish50%
Consensus45
1D n/a3D n/a5D n/a
Crude Oil105.475
SLIGHTLY BEARISH-15
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 presents a mixed but modestly bearish forward-looking narrative for SPX. Short-term technical indicators are predominantly negative, including a sell count signal, short-term moving averages, momentum, MACD, and Ultimate indicators. This is partly offset by bullish longer-term moving-average readings and strongly bullish retail positioning. | Longer-term trend support · Bullish retail positioningShort-term technical weakness · Sell signal and negative momentum | 62 | 58 | 1 |
| Nasdaq 100 | The repository's direct Nasdaq coverage is materially bearish in the forward-looking technical narrative. NAS100 and QQQ both show sell signals, widespread short-term moving-average weakness, negative momentum, and bearish MACD/oscillator readings, although longer-term moving averages remain supportive and retail positioning is mixed across aliases. | Longer-term moving-average support · Residual upside above major support levelsBroad short-term technical weakness · Sell signals and negative momentum · Price trading below short- and medium-term trend measures | 72 | 68 | 2 |
| Gold | The repository presents a mixed but modestly bearish forward-looking narrative for Gold. The aggregate technical picture is pressured by predominantly short moving-average, Hull, VWAP, momentum, bull/bear power and stochastic-RSI readings, although the 9/13 count signal, ADX, MACD and retail positioning provide meaningful bullish offsets. Coverage is sparse and internally conflicted, so consensus is low. | Buy count signal · Long-term support and trend participation · Slightly bullish retail positioningShort-term moving-average weakness · Negative momentum · Bearish oscillator and trend readings | 58 | 62 | 1 |
| Crude Oil | The repository shows a mildly bearish but mixed oil narrative. Both WTI and WTICO_USD carry sell signals, with several short-term trend measures bearish, while longer-term moving averages, momentum, MACD, and selected oscillators provide offsetting bullish signals. Coverage is sparse and largely from one analytics dataset, limiting consensus strength. | Longer-term moving-average support · Positive momentum and MACD signalsSell signals across WTI and WTICO_USD · Short-term moving-average weakness | 45 | 38 | 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
- 0 markets neutral or mixed
- 4 markets bearish