SPX500 –Retail speculators are their most heavily short the SPX500 contract since it last traded to record peaks, and we see scope for continued strength.
Trade Implications SPX 500– The SPX500 contract tracks the fair value of the SP E-Mini futures contract and as such the SP 500 itself. The fact that crowds remain so heavily short stocks gives us ample reason to believe that the SP can continue to register fresh record peaks. We would only shift our view on a similarly significant turn in crowd sentiment. Receive any and all updates on my e-mail distribution list via this link.
— Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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