S&P 500 Outlook is Clouded by Sudden Sentiment Shift
Markets

S&P 500 Outlook is Clouded by Sudden Sentiment Shift

DailyFX.com -

S&P 500 Outlook is Clouded by Sudden Sentiment Shift

Why and how do we use

IG Client Sentiment in trading? See our guide.

US 500: Retail trader data shows 34.5% of traders are net-long with the ratio of traders short to long at 1.9 to 1. The number of traders net-long is 5.2% lower than yesterday and 44.9% higher from last week, while the number of traders net-short is 1.0% lower than yesterday and 13.1% lower 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 more net-short than yesterday but less net-short from last week. The combination of current sentiment and recent changes gives us a further mixed US 500 trading bias.

original source

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

Learn forex trading with a free practice account and trading charts from IG .

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.

Other Topics

ForEx

Latest Markets Videos