Number of traders net-short has increased by 65.21% from last week. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS C
Number of traders net-short has increased by 65.21% from last week.
|
SYMBOL |
TRADING BIAS |
NET-LONG% |
NET-SHORT% |
CHANGE IN LONGS |
CHANGE IN SHORTS |
CHANGE IN OI |
|
US 500 |
BULLISH |
49.26% |
50.74% |
-9.44%
-23.39% |
15.21%
65.21% |
1.59%
5.25% |
US 500: Retail trader data shows 49.26% of traders are net-long with the ratio of traders short to long at 1.03 to 1. In fact, traders have remained net-short since Jan 13 when US 500 traded near 4,663.62, price has moved 2.66% lower since then. The number of traders net-long is 9.44% lower than yesterday and 23.39% lower from last week, while the number of traders net-short is 15.21% higher than yesterday and 65.21% higher 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 Jan 13, 2022 when US 500 traded near 4,663.62. 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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