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E-Mini SP500 Futures COT: Shortest Position Since Dec 2011 ?
November 10 ( From Barchart )
E-Mini SP500 Futures COT: Shortest Position Since Dec 2011 ? $SPY #Trading #Seasonalities #SP500 #cot
Quite a reversal in speculative positions from the Small Speculators;
Small speculators reached on September 7 2015 week the Longest
Position ever on the E-Mini SP500 Futures with 426.1k contracts. The
previous high in terms of position was on the week of March 16 2015
with 389.9k contracts as shown by the chart below ( Blue Line -Ellipses ).
And before that, the last peak was in March 10 2014 week with 328.1k
contracts. It is the first peak done in September, the others mostly in March.
It went to the shortest positions this week for the Small Speculators
with -69.3k contracts. ( See chart below - Bottom Panel - Ellipse )
The big difference between now and December 2011, back then, we had a huge correction in prices a few months before AND we were still above that Major Support Trendline that started back in December 2011:
not this time! ( See chart below - Thin Black Trendline )
And Seasonals for SP500 of the past five years are for a bearish trade til the 17th of November.
( See second chart below )
Daily Chart - Seasonalities - Daily Performance in % of SP500 Index - Average of the past 5 years
November 1st pegged at 100
.( See chart below )
E-Mini SP500 Futures COT
Small Speculators ( Blue Line )
Past 5 Years