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OI Net Position - 120-hour smoothed who dominates balance metric:
> 0 long openings + short closures prevail = bullish bias.
< 0 short openings + long closures prevail = bearish bias.
After a prolonged bearish regime since late July (red zone), the SMA-120 line has reversed upward and reached zero. A similar attempt a week ago failed. Currently, the market has transitioned from aggressive short pressure phase to neutral-bullish.
Maintaining SMA-120 > 0 for another 2 days will confirm the regime change.