The Tactical or Short-Term Sentiment is a daily retail trader sentiment indicator similar to our very own Squeeze-O-Meter.
In contrast to the Squeeze-O-Meter, the tactical or short-term sentiment chart only updates once a day, after market close.
When the blue dot crosses into green area, the reading is “Bullish” and some traders might want to consider a long-bias.
When the blue dot crosses into red area, the reading is “Bearish” and some traders might want to consider a short-bias.
Questions or suggestions?
Please reach out if you have any further questions or suggestions.