US 500 IG Client Sentiment: 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|
of clients are net long.
of clients are net short.
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.