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
Declining Open Interest Noted, but Crowd Remains Heavily Short SPX500

Declining Open Interest Noted, but Crowd Remains Heavily Short SPX500

Christopher Vecchio, CFA,

SPX500 - The ratio of long to short positions in the SPX500 stands at -4.70 as 18% of traders are long. Yesterday the ratio was -4.80; 17% of open positions were long. Long positions are 0.5% lower than yesterday and 25.9% below levels seen last week. Short positions are 2.4% lower than yesterday and 11.3% below levels seen last week. Open interest is 2.1% lower than yesterday and 21.1% below its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives signal that the SPX500 may continue higher. The trading crowd has grown less net-short from yesterday but further short since last week. The combination of current sentiment and recent changes gives a further mixed trading bias.

Read more: Crowd Still Net-Short GBP/USD as YouGov Poll Shows Remain at 51%

--- Written by Christopher Vecchio, Currency Strategist

To contact Christopher Vecchio, e-mail

Follow him on Twitter at @CVecchioFX

To be added to Christopher’s e-mail distribution list, please fill out this form

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