ES had a large leveraged short position at the close of business on Tuesdays when the report is compiled
Augmenting that with ETF flows which showed a Net + inflow between Wed-Fri
Those who were heavily short from 07/09 – 07/10 closed some on the move down on Wed.
US Ten Year:
Commercial and Non-Commercial remain net long
US Dollar Index:
Commercials are shorting into any rise.
EURUSD – not much to note, commercial long positions year 2014/2015 avg and not in extreme territory.
Other things to note from ETF.com
QQQ recorded a large outflow on Thursday (during the ugly NQ drop at the close).
Edit to add Gold – commercials added short into the bounce earlier in the week: