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
More View more
S&P 500 Could Turn Lower, but Not Quite Yet

S&P 500 Could Turn Lower, but Not Quite Yet

David Rodriguez, Head of Product
ssi_SPX500_body_Picture_17.png, S&P 500 Could Turn Lower, but Not Quite Yet

SPX500Trading crowds remain incredibly short the SPX500, which tracks the fair value of the S&P 500 futures price. This in itself suggests the stock market rally isn’t over yet.

Trade Implications SPX 500 There are over 4 traders short the SPX500 for every one that is long, and a contrarian view of crowd sentiment leaves us in favor of S&P 500 strength. It’s always tempting to claim that the recent correction in stocks will be enough to produce THE reversal. Yet we don’t seen enough evidence to support such a claim, and indeed stocks seem poised for fresh record highs.

--- 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.