Number of traders net-short has decreased by 6.39% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS
Number of traders net-short has decreased by 6.39% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
US 500 |
BEARISH |
50.17% |
49.83% |
1.91%
6.52% |
-4.74%
-6.39% |
-1.51%
-0.33% |
US 500: Retail trader data shows 50.17% 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 May 20 when US 500 traded near 4,159.45, price has moved 5.28% higher since then. The number of traders net-long is 1.91% higher than yesterday and 6.52% higher from last week, while the number of traders net-short is 4.74% lower than yesterday and 6.39% 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 May 20, 2021 when US 500 traded near 4,159.45. 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.
element inside the
element. This is probably not what you meant to do!Load your application’s JavaScript bundle inside the element instead.
www.dailyfx.com