Skip to Content
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.

Free Trading Guides
Please try again

Live Webinar Events


Economic Calendar Events


Notify me about

Live Webinar Events
Economic Calendar Events






More View More
S&P 500 Likely to Hit Fresh Peaks

S&P 500 Likely to Hit Fresh Peaks

David Rodriguez, Head of Product


Why and how do we use the SSI in trading? View our video and download the free indicator here

SPX500– Retail speculators remain aggressively short the SPX500—a CFD which tracks the fair value of the S&P E-mini futures contract—and a contrarian view of crowd sentiment keeps us watching for further S&P 500 gains.

As the chart above shows, the majority of open positions have remained short the SPX500 with relatively rare exception as the index continues to trade to fresh highs. Until we see a marked shift we see little reason to call for an S&P 500 pullback.

See next currency section: NZDUSD - New Zealand Dollar Outlook Turns Positive

--- 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

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