Number of traders net-short has decreased by 18.15% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS C
Number of traders net-short has decreased by 18.15% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
US 500 |
BEARISH |
50.29% |
49.71% |
11.04%
21.08% |
-7.32%
-18.15% |
1.09%
-2.21% |
US 500: Retail trader data shows 50.29% of traders are net-long with the ratio of traders long to short at 1.01 to 1. In fact, traders have remained net-long since Jul 27 when US 500 traded near 4,016.28, price has moved 2.08% lower since then. The number of traders net-long is 11.04% higher than yesterday and 21.08% higher from last week, while the number of traders net-short is 7.32% lower than yesterday and 18.15% 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 Jul 27, 2022 when US 500 traded near 4,016.28. 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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