DID SPECULATORS FINALLY BUY THE DIP?

Since the October 2022 low in the S&P, Large Speculators (blue column) have not bought any dips in the market with significance where they got crowded getting long. Since that low, the S&P kept making new all-time highs and the Speculators never chased.

Tt's going to be real interesting cot on Friday, 03/07/2025, to see if they bought this dip in stocks which I've been talking about for a few years, where I really didn't think this bull market will end until they buy.

They were clearly never going to chase. So maybe they'll buy the dip. The Friday data will show positioning as of this past Tuesday which included a significant move. If that is in fact what they have been doing. My sneaking suspicion is they did. But let's see, let's let the data tell us.