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SPX500 Seems Unstoppable as Crowds Massively Net-Short

SPX500 Seems Unstoppable as Crowds Massively Net-Short

David Rodriguez, Head of Product
ssi_spx500_body_Picture_18.png, SPX500 Seems Unstoppable as Crowds Massively Net-Short

SPX500Retail CFD speculators are near their most short the SPX500 contract on record, and we see little choice but to favor further strength.

Trade Implications – Our retail sentiment data shows that the number of orders short SPX500 outnumber those long by a massive 8.8 to 1 as the contract trades near record-highs. In fact, short interest has gained a further 24 percent since last week, while total longs have fallen 8 percent. There’s obvious risk of a significant correction given impressive advances, but we would warn against joining the crowd as stocks continue pressing to fresh gains.

--- 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 Seems Unstoppable as Crowds Massively Net-Short

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

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

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