Retail traders are aggressively buying up the S&P 500, Dow Jones and DAX 40. Is this a sign that equities are due for further weakness? What are key levels to watch? Get your market update from ddubrovskyFX here:
Retail traders are increasingly betting the equities may rally in the near term, according to IG Client Sentiment . Upside exposure is on the rise in the S&P 500, Dow Jones and the DAX 40. At times, IGCS can work as a contrarian indicator. If this dynamic continues, then these benchmark stock indices risk succumbing to additional selling pressure.shows that about 69% of retail traders are net-long the S&P 500. Since most investors are now net-long, this hints prices may continue falling.
With that in mind, the combination of current and recent shifts in positioning are offering a bearish contrarian trading bias for the S&P 500.S&P 500 futures may be increasingly at risk of extending losses. A bearish crossover between the 20- and 50-day Simple Moving Averages emerged recently. Prices have also confirmed a breakout under the long-term 200-day SMA. Immediate support appears to be the 4224 – 4258 inflection zone.
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