
Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.
SPX500 –Retail CFD speculators remain heavily short the SPX500 contract, which tracks the fair value of S&P 500 futures. A contrarian view of crowd sentiment leaves us in favor of further gains.
Trade Implications SPX500 – We recently wrote that a pullback in retail selling warned that the S&P 500 could soon turn lower, but that obviously proved premature as the index trades to fresh peaks. Indeed recent selling suggests that stocks can continue to move higher.
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

Automate our SSI-based trading strategies via Mirror Trader free of charge
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 http://www.twitter.com/DRodriguezFX
Facebook at http://www.Facebook.com/DRodriguezFX