Thanks for that, Dharma.
Interestingly the hedgies (large spec) % bulls is 65%; The last important % low before this was Dec 12th of last year at 68% which was the previous major price low. So we're in the zone and a little bit more so.
Conversely to find comparable commercials with so few % short position we have to go back even earlier to the July 2017 lower low.
Lastly open interest is a gauge of sentiment and it is down at 488,000 - lows not seen since last Dec.
So while the COT is a blunt instrument, over the last few weeks it has moved increasingly in the bulls favor and is currently at the levels of previous major price lows.