News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
SPX500 Outlook Remains Bullish as Crowds Sell Further

SPX500 Outlook Remains Bullish as Crowds Sell Further

David Rodriguez, Head of Product
ssi_spx500_body_Picture_18.png, SPX500 Outlook Remains Bullish as Crowds Sell Further

SPX500Retail CFD speculators continue selling aggressively into SPX500 strength, and such strongly one-sided sentiment warns against betting on any near-term reversals.

Trade Implications – Our SSI data shows that short interest in the SPX500 jumped a further 19% since last week, while long interest is actually slightly higher. If we really wanted to force the issue we could claim that the marginal bounce in long interest warns of short-term trend exhaustion. Yet it seems foolish to go against the high-flying SPX500 at these levels.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

ssi_spx500_body_1a_4.png, SPX500 Outlook Remains Bullish as Crowds Sell Further

View how to automate the high-volatility Breakout2 Trading System via our previous article and webinar recording.

Auto trade the trend reversal-trading Momentum2system via our previous article and webinar recording.

Trade with strong trends via our Momentum1 Trading System and view an archived webinar

Use our counter-trend Range2 Trading system and view an archived webinar guide on automation

New to FX markets? Learn more in our video trading guide.

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX

Facebook at http://www.Facebook.com/DRodriguezFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES