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S&P 500 cftc Speculative positions

25 Jun 2022 ‚óŹ 04:58 AM

As the US indices rallied over the last few days the non-commercial futures position reported by CFTC jas rolled over to a short position as shown on the chart below. This is a big change in sentiment near term from 'buy the dip' to 'sell the rise' and it opens up the possibility of more short covering and upside in the weeks ahead.

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