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SPX500 –Retail CFD speculators remain heavily short the SPX500 contract, and a contrarian view of crowd sentiment leaves us in favor of further gains.
Trade Implications SPX500 – December is most often a great month for stocks, while January tends to set the pace for the rest of the year. It will be important to watch how the SP finishes the first month of the trading year, but as it stands sentiment leaves us in favor of further strength.
— Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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