Commitment of Traders (COT) report analysis S&P 500 Consolidated – CHICAGO MERCANTILE EXCHANGE Futures Only Positions as of 2020-05-19

The number of traders net-long is 12.00% higher from last week, while the number of traders net-short is 1.98% higher from last week.

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

Yet traders are less net-short compared with last week. Recent changes in sentiment warn that the current US 500 price trend may soon reverse lower despite the fact traders remain net-short.


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