S&P 500 Net-Short Positions Up 11% Since Yesterday
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S&P 500 Net-Short Positions Up 11% Since Yesterday

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S&P 500 Net-Short Positions Up 11% Since Yesterday

US 500: Retail trader data shows 37.7% of traders are net-long with the ratio of traders short to long at 1.65 to 1. In fact, traders have remained net-short since Feb 13 when US 500 traded near 2665.3; price has moved 2.6% higher since then. The number of traders net-long is 1.7% lower than yesterday and 1.6% lower from last week, while the number of traders net-short is 11.1% higher than yesterday and 51.0% 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. 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.

--- Written by Dylan Jusino, DailyFX Research

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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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