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 Remains a Buy until this Changes

S&P 500 Remains a Buy until this Changes

David Rodriguez, Head of Product
S&P 500 Remains a Buy until this Changes

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

US 500: Retail trader data shows 15.4% of traders are net-long with the ratio of traders short to long at 5.51 to 1. The number of traders net-long is 9.1% lower than yesterday and 5.5% lower from last week, while the number of traders net-short is 2.1% higher than yesterday and 3.3% higher 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. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.

See next article in this week’s report:EURUSD - Euro Likely to Hit Further Highs until this Changes

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

DISCLOSURES