Birmingham , UK

US 500 IG Consumer Sentiment: Our knowledge exhibits merchants at the moment are net-long US 500 for the primary time since Dec 23, 2021 when US 500 traded close to 4,725.70.

us-500-ig-consumer-sentiment:-our-knowledge-exhibits-merchants-at-the-moment-are-net-long-us-500-for-the-primary-time-since-dec-23,-2021-when-us-500-traded-close-to-4,72570.

US 500 Client Positioning

Variety of merchants net-short has decreased by 19.74% from final week.

SYMBOL

TRADING BIAS

NET-LONG%

NET-SHORT%

CHANGE IN LONGS

CHANGE IN SHORTS

CHANGE IN OI

US 500

BEARISH

51.04%

48.96%

3.22% Each day

36.96% Weekly

-4.06% Each day

-19.74% Weekly

-0.48% Each day

1.76% Weekly

US 500: Retail dealer knowledge exhibits 51.04% of merchants are net-long with the ratio of merchants lengthy to brief at 1.04 to 1. In truth, merchants have remained net-long since Dec 23 when US 500 traded close to 4,725.70, value has moved 0.82% decrease since then. The variety of merchants net-long is 3.22% greater than yesterday and 36.96% greater from final week, whereas the variety of merchants net-short is 4.06% decrease than yesterday and 19.74% decrease from final week.

We usually take a contrarian view to crowd sentiment, and the very fact merchants are net-long suggests US 500 costs might proceed to fall.

Our knowledge exhibits merchants at the moment are net-long US 500 for the primary time since Dec 23, 2021 when US 500 traded close to 4,725.70. Merchants are additional net-long than yesterday and final week, and the mix of present sentiment and up to date adjustments offers us a stronger US 500-bearish contrarian buying and selling bias.

DailyFX offers foreign exchange information and technical evaluation on the tendencies that affect the worldwide forex markets.

Leave a comment