Number of traders net-short has decreased by 0.17% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS
Number of traders net-short has decreased by 0.17% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
US 500 |
BULLISH |
49.99% |
50.01% |
-3.56%
-6.01% |
7.87%
-0.17% |
1.84%
-3.18% |
US 500: Retail trader data shows 49.99% of traders are net-long with the ratio of traders short to long at 1.00 to 1. In fact, traders have remained net-short since Sep 28 when US 500 traded near 4,361.22, price has moved 0.67% higher since then. The number of traders net-long is 3.56% lower than yesterday and 6.01% lower from last week, while the number of traders net-short is 7.87% higher than yesterday and 0.17% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests US 500 prices may continue to rise.
Our data shows traders are now net-short US 500 for the first time since Sep 28, 2021 16:00 GMT when US 500 traded near 4,361.22. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.
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