Never miss a story from David Rodriguez

Subscribe to receive daily updates on publications
Please enter valid First Name
Please fill out this field.
Please enter valid Last Name
Please fill out this field.
Please enter valid email
Please fill out this field.
Please select a country

I’d like to receive information from DailyFX and IG about trading opportunities and their products and services via email.

Please fill out this field.

Your Forecast Is Headed to Your Inbox

But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk.

Your demo is preloaded with £10,000 virtual funds, which you can use to trade over 10,000 live global markets.

We'll email you login details shortly.

Learn More about Your Demo

You are subscribed to David Rodriguez

You can manage your subscriptions by following the link in the footer of each email you will receive

An error occurred submitting your form.
Please try again later.

Smooth Sailing Ahead for ‘Unbreakable’ S&P 500

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

SPX500 Retail CFD speculators remain extremely short the SPX500 contract, which tracks the fair value of S&P 500 futures. Until we see a much larger shift in sentiment, we’ll call for further S&P gains.

Trade Implications SPX500 Last week we noted that an important shift in retail positions warned that an S&P 500 break below 1948 would set up a much larger correction. Of course, that never materialized, and we continue to marvel at the fact that equity markets seem almost “Unbreakable”.

Warning signs abound, but until we see more concrete signs of a correction we see little reason to go against the impressive uptrend.

See next currency section: EURJPY - Euro Gains Favored as it Holds Key Lows versus Yen

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

Smooth Sailing Ahead for ‘Unbreakable’ S&P 500

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