Our data shows traders are now net-short US 500 for the first time since Sep 26, 2023 when US 500 traded near 4,277.54.
Number of traders net-short has increased by 27.78% from last week.
| SYMBOL | TRADING BIAS | NET-LONG% | NET-SHORT% | CHANGE IN LONGS | CHANGE IN SHORTS | CHANGE IN OI |
|---|---|---|---|---|---|---|
| US 500 | BULLISH | 49.05% | 50.95% |
-9.57% Daily -19.17% Weekly |
11.44% Daily 27.78% Weekly |
0.04% Daily -0.55% Weekly |
| Change in | Longs | Shorts | OI |
| Daily | -3% | 1% | -1% |
| Weekly | -20% | 24% | -3% |
US 500: Retail trader data shows 49.05% of traders are net-long with the ratio of traders short to long at 1.04 to 1. In fact, traders have remained net-short since Sep 26 when US 500 traded near 4,277.54, price has moved 1.97% higher since then. The number of traders net-long is 9.57% lower than yesterday and 19.17% lower from last week, while the number of traders net-short is 11.44% higher than yesterday and 27.78% 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 Sep 26, 2023 when US 500 traded near 4,277.54. 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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