Commitment of Traders Report from 19 to 26 July

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The CME report from Tuesday the 26th of July to Tuesday the 19th of July came out
The reportable figures from the Dealers/Intermediaers (Exchanges/Brokers) and
the Asset Managers/Insitutionals show negligible increases in Longs/Shorts

BUT

The SPREAD increase is nearly a 90% increase for said Exchanges/Brokers
as well as a 62% increase in spreads for Asset Managers/Institutionals

A simple way of understanding Spreads:
A higher (wider) spread means there is a bigger difference between bid-ask (buy-sell) prices
whereas a lower (more narrow) spread means there is a smaller difference between bid-ask (buy-sell) prices

tighter spreads are a sign of greater liquidity,
while wider bid-ask (buy-sell) spreads occur in less liquid or highly-volatile stocks

Because of this -
The current upwards move seems to be less volatile than the previous down move

Theory -
Exchanges and Institutions bet heavily on the current low volatility upside move