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of clients are net long.
of clients are net short.
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of clients are net long.
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  • 🇯🇵 Eco Watchers Survey Outlook (FEB) Actual: 51.3 Previous: 39.9 https://www.dailyfx.com/economic-calendar#2021-03-08
  • Gold, Crude Oil Price Forecast: Edging Higher on the Back of Stimulus, Saudi Oil Facility Attack https://www.dailyfx.com/forex/market_alert/2021/03/08/Gold-Crude-Oil-Price-Forecast-Edging-Higher-on-the-Back-of-Stimulus-Saudi-Oil-Facility-Attack.html https://t.co/ZXrwjTaK3W
  • 🇯🇵 Eco Watchers Survey Current (FEB) Actual: 41.3 Previous: 31.2 https://www.dailyfx.com/economic-calendar#2021-03-08
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here: https://t.co/yOEvLjKnct https://t.co/ZdQnb2WoEc
  • Heads Up:🇯🇵 Eco Watchers Survey Outlook (FEB) due at 06:00 GMT (15min) Previous: 39.9 https://www.dailyfx.com/economic-calendar#2021-03-08
  • Heads Up:🇯🇵 Eco Watchers Survey Current (FEB) due at 06:00 GMT (15min) Previous: 31.2 https://www.dailyfx.com/economic-calendar#2021-03-08
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.46%, while traders in France 40 are at opposite extremes with 76.00%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/7GEejdJ4ZR
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.26% 🇯🇵JPY: 0.03% 🇨🇦CAD: 0.02% 🇬🇧GBP: -0.06% 🇳🇿NZD: -0.06% 🇨🇭CHF: -0.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/RksdDJPivS
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.80% France 40: 0.61% Germany 30: 0.41% Wall Street: 0.04% US 500: -0.27% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/PDpZBRrLRJ
  • 🇯🇵 Leading Economic Index Prel (JAN) Actual: 99.1 Previous: 97.7 https://www.dailyfx.com/economic-calendar#2021-03-08
S&P 500 Remains in Trouble until this Changes

S&P 500 Remains in Trouble until this Changes

David Rodriguez, Head of Product
S&P 500 Remains in Trouble until this Changes

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

US S&P 500 – A sharp shift in retail trader positions warns that the US S&P 500 may continue onto fresh lows until further notice. Our data shows there are currently 1.4 open long positions in the SPX500 for every 1 that is short; a contrarian view of crowd sentiment leads us to believe it may fall further.

Since last week total long interest has surged 61 percent while short positions have remained almost exactly unchanged. It’s certainly true that sharp S&P 500 declines make near-term corrections likely. Yet the severity of the shift in crowd sentiment warns that losses remain more likely.

See next currency section:EURUSD - Euro Will Pull Back Eventually, but our System Forecasts Gains

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

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