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S&P 500 Set to Reverse Lower Despite Net Shorts

S&P 500 Set to Reverse Lower Despite Net Shorts

2017-05-08 17:45:00
DailyFX Research,
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S&P 500 Set to Reverse Lower Despite Net Shorts

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

US 500: Retail trader data shows 25.6% of traders are net-long with the ratio of traders short to long at 2.91 to 1. The number of traders net-long is 7.4% higher than yesterday and 2.9% lower from last week, while the number of traders net-short is 1.0% higher than yesterday and 11.1% 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.

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