US 500 Client Positioning

Number of traders net-short has increased by 28.71% from last week.

SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI
US 500 BULLISH 49.89% 50.11%

-9.44% Daily

-19.35% Weekly

6.03% Daily

28.71% Weekly

-2.30% Daily

-0.79% Weekly

US 500: Retail trader data shows 49.89% of traders are net-long with the ratio of traders short to long at 1.00 to 1. In fact, traders have remained net-short since Sep 21 when US 500 traded near 3,767.83, price has moved 3.14% higher since then. The number of traders net-long is 9.44% lower than yesterday and 19.35% lower from last week, while the number of traders net-short is 6.03% higher than yesterday and 28.71% 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 21, 2022 when US 500 traded near 3,767.83. 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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