Crowd Sentiment Points to Further SPX Losses
Trade Implications SPX 500–Self-congratulation aside, I think there’s scope for further SPX weakness. The fact that our sample shows retail traders at their least-short since December is one reason, but also I think we’re seeing the beginnings of a broader market deleveraging. Stocks, bonds, and even the Dollar might be the worst-performers if this forecast comes to fruition.
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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