Their bullish/bearish recommendations are all over the place though. They were advocating going short EUR/USD just two or three days ago despite most clients being short, and now look at what's happened to it.
Dailyfx that provides the sentiment indicator with the IG client positioning has always promoted it as a contrarian indicator and have done a lot of research and data collection over the years to back up that view. They did have it all published on their web site and presume it's still there if anyone wants to look.
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