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S&P 500: Short Positions Fall 10% This Week as Price Test Support

S&P 500: Short Positions Fall 10% This Week as Price Test Support

2018-08-01 19:30:00
Jake Schoenleb,
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S&P 500

Retail Traders Have Remained Short Sense May

US 500: Retail trader data shows 34.9% of traders are net-long with the ratio of traders short to long at 1.86 to 1. In fact, traders have remained net-short since May 03 when US 500 traded near 2692.65; price has moved 4.5% higher since then. The number of traders net-long is 7.2% lower than yesterday and 2.7% higher from last week, while the number of traders net-short is 6.9% higher than yesterday and 10.2% lower from last week.

To gain more insight to how we use sentiment to power our trading, join us for our weekly Trading Sentiment webinar.

S&P 500 Sentiment Unable to Provide a Clear Signal

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests US 500 prices may continue to rise. Positioning is more net-short than yesterday but less net-short from last week. The combination of current sentiment and recent changes gives us a further mixed US 500 trading bias.

--- Written by Jake Schoenleb, DailyFX Research

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

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