Commitment of Traders (COT) report analysis S&P 500 Consolidated – CHICAGO MERCANTILE EXCHANGE Futures Only Positions as of 2020-08-11

Commitment of Traders (COT) Report: S&P 500

The number of retail traders net-long is 7.18% lower from last week, while the number of retail traders net-short is 0.33% lower from last week.

As per the contrarian view to crowd sentiment, and the fact traders are net-short suggests S&P 500 prices may continue to rise.

Traders are further net-short than last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bullish contrarian trading bias.

Support: 3237-3200

Resistance: 3413-3486

SP500COT2020-08-11

US Investor Sentiment, % Bull-Bear Spread

SP500_Chart-2020-08-18