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.



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

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
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
Retail Sentiment Catches Near-Exact Top in the SPX - What Now?

Retail Sentiment Catches Near-Exact Top in the SPX - What Now?

David Rodriguez, Head of Product
ssi_spx500_body_Picture_15.png, Retail Sentiment Catches Near-Exact Top in the SPX - What Now?

SPX500I’ll be the first to admit when I’m wrong, and really I’d rather be lucky than ‘good’. But clear retail sentiment extremes timed almost the exact top in the S&P 500—I think this is only the beginning.

Trade Implications – To quote the SSI report from the day after the S&P 500 topped (appropriately titled: SPX500 Probably Set a Significant Top), “It’s never fun to be faked out on a bear trap…,but we think this could be the start of a much larger decline.

I could sit here all day and pat myself on the back for that one, but I’d 1: probably lose some readers, and really, I like you all; 2: it’s far more useful to look forward. Since last week, retail CFD long interest in the SPX500 has surged 57 percent, while short interest has fallen 24 percent. Net-positioning is still net-short as the SSI is at -2.0, but the substantial shift leaves us plainly in favor of further short-term weakness.

--- Written by David Rodriguez, Quantitative Strategist for

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

Contact David via

Twitter at

Facebook at

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