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S&P 500: Retail Traders Increase Weekly Long Positions Over 20%

S&P 500: Retail Traders Increase Weekly Long Positions Over 20%

2018-10-09 17:00:00
Jack Schwarze,
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S&P 500 Client Trading Sentiment

Number of Traders Net-Long at Multi-Month Highs

US 500: Retail trader data shows 39.0% of traders are net-long with the ratio of traders short to long at 1.56 to 1. In fact, traders have remained net-short since May 03 when US 500 traded near 2613.4; price has moved 10.6% higher since then. The percentage of traders net-long is now its highest since Sep 18 when US 500 traded near 2907.6. The number of traders net-long is 15.2% higher than yesterday and 22.0% higher from last week, while the number of traders net-short is 1.6% lower than yesterday and 4.3% 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.

Sentiment Warns of Trend Reversal

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.

--- Written by Jack Schwarze, DailyFX Research

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

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