Skip to content
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
An Increase in Net-Long Suggests Prices May Continue To Drop

An Increase in Net-Long Suggests Prices May Continue To Drop

Nancy Pakbaz, CFA, Markets Writer
Please add a description for the image.

61.6% OF TRADERS ARE NET-LONG, AN INCREASE FROM LAST WEEK

US 500: Retail trader data shows 61.6% of traders are net-long with the ratio of traders long to short at 1.6 to 1. The number of traders net-long is 3.8% lower than yesterday and 25.3% higher from last week, while the number of traders net-short is 12.1% lower than yesterday and 39.2% 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 SUGGEST BEARISH TRADING BIAS

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 Nancy Pakbaz, CFA, DailyFX Research

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

DISCLOSURES