S&P 500 Mixed with Increase in Net-Long
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S&P 500 Mixed with Increase in Net-Long

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S&P 500 Mixed with Increase in Net-Long

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US 500: Retail trader data shows 24.8% of traders are net-long with the ratio of traders short to long at 3.04 to 1. The number of traders net-long is 17.2% higher than yesterday and 5.5% lower from last week, while the number of traders net-short is 2.3% higher than yesterday and 2.9% 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. Positioning is less net-short than yesterday but more net-short from last week. The combination of current sentiment and recent changes gives us a fu rther mixed US 500 trading bias.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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