Premium4 768x90
View RSS Feed


S&P 500 Continues to Rise

Rate this Entry
by , 06-07-2018 at 09:40 AM (281 Views)
US 500: Retail trader data shows 39.5% of traders are net-long with the ratio of traders short to long at 1.53 to 1. In fact, traders have remained net-short since May 03 when US 500 traded near 2644.0; price has moved 4.3% higher since then. The number of traders net-long is 6.3% lower than yesterday and 7.7% higher from last week, while the number of traders net-short is 11.8% higher than yesterday and 15.8% higher from last week.

Name:  us500index-d1-fx-choice-limited-2.png
Views: 52
Size:  33.8 KB

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.


Submit "S&P 500 Continues to Rise" to Google Submit "S&P 500 Continues to Rise" to Submit "S&P 500 Continues to Rise" to Digg Submit "S&P 500 Continues to Rise" to StumbleUpon Submit "S&P 500 Continues to Rise" to reddit