Commitment of Traders (COT) report analysis S&P 500 Consolidated – CHICAGO MERCANTILE EXCHANGE Futures Only Positions as of 2020-06-16

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

The number of traders net-long is 12.40% lower than yesterday and 1.40% higher from last week, while the number of traders net-short is 5.07% lower than yesterday

and 3.79% higher from last week.

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

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 31.9%, while the number of net-short is and 19.1%. And a bit unwinding is seen at long side along with that,

decent fresh new positions are created at short side.

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.