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E-Mini SP500 Futures COT: Small Speculators Add Tremendously to their Long Positions ?
September 8 ( From David Stendahl, Barchart )
E-Mini SP500 Futures COT: Small Speculators Add Tremendously to their Long Positions ? $SPY, $SPX, $ES_F
Small speculators were the longest ever on the E-Mini Futures Contract
on the week of March 16 with 389.9k contracts as shown by the chart
below ( Ellipses ).
Before that, the last peak was in June 2012. For the
week of August 24, Small Speculators did add 200.3k contracts in the
past two weeks, one of the biggest rise in term of bi-weekly posisitions
and one of the longest position of the past 5 years..
The big difference between March and October 2014 high long positions
for Small Speculators ( previous peaks ) compare to now, is that back
then, we had a huge correction in prices a few months before and
a lot more orderly: not this time!
And Seasonals for SP500 are for a bullish trade til the 3rd week of September. ( See second chart below )
But the most interesting technical pattern here is that we broke a Major Support Trendline that started back on November 2012 as shown by the chart below. Small Speculatores does not seems to have noticed that...
And Seasonals for SP500 are for a bullish trade til the third week of September as shown by the chart below.