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.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View More
S&P 500 Forecast Turns - Reversal Increasingly Likely

S&P 500 Forecast Turns - Reversal Increasingly Likely

David Rodriguez, Head of Product

Why and how do we use IG Client Sentiment in trading? See our guide.

US 500: Retail trader data shows 31.3% of traders are net-long with the ratio of traders short to long at 2.2 to 1. The number of traders net-long is 25.2% higher than yesterday and 25.7% higher from last week, while the number of traders net-short is 13.4% lower than yesterday and 9.0% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests US 500 prices may continue to rise. Yet traders are less net-short than yesterday and compared with last week. Recent changes in sentiment warn that the current US 500 price trend may soon reverse lower despite the fact traders remain net-short.

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

DISCLOSURES