Number of traders net-short has decreased by 19.74% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS
Number of traders net-short has decreased by 19.74% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
US 500 |
BEARISH |
51.04% |
48.96% |
3.22%
36.96% |
-4.06%
-19.74% |
-0.48%
1.76% |
US 500: Retail trader data shows 51.04% of traders are net-long with the ratio of traders long to short at 1.04 to 1. In fact, traders have remained net-long since Dec 23 when US 500 traded near 4,725.70, price has moved 0.82% lower since then. The number of traders net-long is 3.22% higher than yesterday and 36.96% higher from last week, while the number of traders net-short is 4.06% lower than yesterday and 19.74% lower from last week.
We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests US 500 prices may continue to fall.
Our data shows traders are now net-long US 500 for the first time since Dec 23, 2021 when US 500 traded near 4,725.70. 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.
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