Commitment of Traders (COT) report analysis S&P 500 Consolidated – CHICAGO MERCANTILE EXCHANGE Futures Only Positions as of 2020-06-02

Commitment of Traders (COT) Report: S&P 500

The number of traders net-long is 6.14% higher from last week, while the number of traders net-short 13.65% lower from last week.

We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests S&P 500 prices may continue to rise.

Positioning is less net-short from last week. The combination of current sentiment and recent changes gives us a further mixed S&P 500 trading bias.

The number of Institutional traders net-long is 35.2%, while the number of net-short is and 21.3%. And unwinding of potions are happening at both sides.

As Institutional are still net-long in the overall market, and on the daily chart we are still in uptrend. As a long as S&P500 remains above 3000 prices may continue to rise.



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