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.



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 in a Precarious Position – What to Watch

S&P 500 in a Precarious Position – What to Watch

David Rodriguez, Head of Product

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

US S&P 500– Retail CFD traders continue to hold a near-record short position in the SPX500, which tracks the fair value of S&P 500 futures prices. A purely contrarian view of crowd sentiment points to further stock market gains.

But we will repeat what we said last week—such heavily one-sided sentiment often coincides with significant price extremes and reversals. The difficulty is that such reversals are by definition only clear in hindsight, and we would need to see a marked shift in retail positions to confirm any such moves. Until that happens we see little choice but to cautiously favor further strength.

See next currency section: EURUSD - What do we Need to see for a Euro Breakout?

--- 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.