Number of traders net-short has increased by 15.57% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| US 500 | BULLISH | 49.92% | 50.08% |
-13.08% Daily -12.04% Weekly |
13.04% Daily 15.57% Weekly |
-1.71% Daily -0.09% Weekly |
US 500: Retail trader data shows 49.92% of traders are net-long with the ratio of traders short to long at 1.00 to 1. In fact, traders have remained net-short since Feb 21 when US 500 traded near 4,002.42, price has moved 0.29% higher since then. The number of traders net-long is 13.08% lower than yesterday and 12.04% lower from last week, while the number of traders net-short is 13.04% higher than yesterday and 15.57% 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 Feb 21, 2023 17:00 GMT when US 500 traded near 4,002.42. 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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