Fresh Highs in SPX500 Seem Likely as Crowds Aggressively Short

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ssi_spx500_body_Picture_18.png, Fresh Highs in SPX500 Seem Likely as Crowds Aggressively Short

SPX500Retail CFD speculators remain heavily short the SPX500 as the contract trades near all-time highs, and we favor buying into strength.

Trade Implications – Our retail sentiment data shows that the number of orders short SPX500 outnumber those long by a massive 6.7 to 1. This ratio is roughly unchanged from last week, and heavily one-sided retail positions leave us in favor of continued strength.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

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ssi_spx500_body_1a_4.png, Fresh Highs in SPX500 Seem Likely as Crowds Aggressively Short

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