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Global Markets Extend Losses as Weekly S&P Shorts Drop 14%

Global Markets Extend Losses as Weekly S&P Shorts Drop 14%

2018-12-06 17:20:00
Jake Schoenleb,
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Global Markets Extend Losses as Weekly S&P Shorts Drop 14%

53% of Retail Traders are Net-Long Despite the Recent Price Drop

US 500: Retail trader data shows 53.7% of traders are net-long with the ratio of traders long to short at 1.16 to 1. The number of traders net-long is 1.7% higher than yesterday and 7.4% higher from last week, while the number of traders net-short is 0.2% higher than yesterday and 14.6% 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 Suggest Prices may Continue to Fall

We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests US 500 prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bearish contrarian 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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