Never miss a story from David Rodriguez

Subscribe to recieve 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.

S&P 500 Looks to Test Fresh Record Highs

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

SPX500 - The ratio of long to short positions in the SPX500 stands at -5.20 as 16% of traders are long. Yesterday the ratio was -5.56; 15% of open positions were long. Long positions are 2.2% higher than yesterday and 12.8% above levels seen last week. Short positions are 4.4% lower than yesterday and 9.1% below levels seen last week.

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 and last week. The combination of current sentiment and recent changes gives a further mixed trading bias.