The sentiment oscillators, ranging between 0 and 100, provide insights into market sentiment. When the oscillator is closer to 0, it indicates that, based on more than 15 years of historical data, speculative sentiment is at its most bearish. This suggests a high level of pessimism among market participants, with a prevailing belief that prices are likely to decline.
Conversely, when the oscillator approaches 100, it signifies that speculative sentiment is at its most bullish. This implies an elevated level of optimism among traders and investors, with a strong expectation that prices will rise.
In summary, the sentiment oscillators offer a gauge of market sentiment, with lower values indicating bearish sentiment and higher values indicating bullish sentiment, based on historical trends spanning over 15 years.