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S&P 500: Retail Traders Remain Short Despite Recent All Time Highs

S&P 500: Retail Traders Remain Short Despite Recent All Time Highs

Jake Schoenleb,
S&P 500: Retail Traders Remain Short Despite Recent All Time Highs

Only 30% of Retail Traders are Net-Long

US 500: Retail trader data shows 30.5% of traders are net-long with the ratio of traders short to long at 2.28 to 1. In fact, traders have remained net-short since May 03 when US 500 traded near 2653.82; price has moved 10.4% higher since then. The percentage of traders net-long is now its lowest since Sep 04 when US 500 traded near 2896.8. The number of traders net-long is 8.3% lower from last week, while the number of traders net-short is 12.1% higher from last week.

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

Current Sentiment Suggest That Prices May Climb Higher

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests US 500 prices may continue to rise. Although traders are further net-long than last week, the combination of current sentiment and recent changes gives us a US 500-bullish contrarian trading bias.

*Due to the loss of intra-day data, the red and blue lines on the chart are not accurate*

--- 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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