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.

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
EUR/USD
Mixed
Oil - US Crude
Bullish
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
Wall Street
Mixed
Gold
Bearish
GBP/USD
Bearish
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
USD/JPY
Mixed
More View more
Breaking news

ECB leaves monetary policy unchanged

Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.01%, while traders in EUR/USD are at opposite extremes with 72.37%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/hq8WWwEKXP
  • Bitcoin Price Outlook - via @DailyFX $BTC chart coiled like a spring set to snap; potential pennant pattern breakout and Bollinger Band expansion in focus. Details at Link - https://www.dailyfx.com/forex/market_alert/2020/07/16/btc-price-outlook-bitcoin-chart-coiled-pennant-breakout-eyed.html #Bitcoin #Trading #Crypto #TechnicalAnalysis #Blockchain https://t.co/LYDdO726ij
  • Indices Update: As of 18:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.12% France 40: 0.04% Germany 30: 0.03% US 500: -0.62% Wall Street: -0.74% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/hLhW1Z3eWS
  • Many thanks everyone for helping me reach 4,000 followers. Much appreciated...
  • Fed's Evans: Supports 'in it to win it' policies - BBG
  • The tone of the July ECB press conference was cautiously optimistic, with ECB President Christine Lagarde stressing that an “ambitious and coordinated fiscal stance remains critical.”Get your market update from @CVecchioFX here:https://t.co/YBsFE5gPdW https://t.co/RJqUacF6Ve
  • Fed's Evans says hitting 2% inflation target is very important - BBG
  • Fed's Evans says spread of COVID-19 will likely hold consumer activity down $DXY $SPX
  • Heads Up:🇺🇸 Fed Evans Speech due at 17:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-07-16
  • US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2020/07/16/US-Dollar-Price-Action-USD-EURUSD-EUR-USD-GBP-USD-AUD-USD-JS.html $USD $EURUSD $GBPUSD $AUDUSD
SPX500 Outlook Remains Bullish as Crowds Sell Further

SPX500 Outlook Remains Bullish as Crowds Sell Further

2013-03-07 16:02:00
David Rodriguez, Head of Product
Share:
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

News & Analysis at your fingertips.