Our data shows traders are now net-short US 500 for the first time since Mar 07, 2023 when US 500 traded near 3,988.19.
Number of traders net-short has increased by 7.42% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| US 500 | BULLISH | 49.54% | 50.46% |
-7.49% Daily -9.54% Weekly |
12.91% Daily 7.42% Weekly |
1.79% Daily -1.71% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -5% | 14% | 3% |
| Weekly | -6% | 0% | -3% |
US 500: Retail trader data shows 49.54% of traders are net-long with the ratio of traders short to long at 1.02 to 1. In fact, traders have remained net-short since Mar 07 when US 500 traded near 3,988.19, price has moved 0.02% lower since then. The number of traders net-long is 7.49% lower than yesterday and 9.54% lower from last week, while the number of traders net-short is 12.91% higher than yesterday and 7.42% 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 Mar 07, 2023 when US 500 traded near 3,988.19. 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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