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E-Mini SP500 Futures COT: Longest Position Ever ?
September 16 ( From Barchart )
E-Mini SP500 Futures COT: Longest Position Ever ? $SPY #Trading #Seasonalities #SP500 #cot
Small speculators reached last 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.
The big difference between March 2014 and 2015 compare to now,
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!
Also the meeting on September 16/17 by the FED could add tremendous volatility to the market as they prepare to do their first hike...
And Seasonals for SP500 of the past five years are for a bullish trade til the 18th of September.
( See second chart below )
Daily Chart - Seasonalities - Daily Performance in % of SP500 Index - Average of the past 5 years
September 1st pegged at 100
.( See chart below )
E-Mini SP500 Futures COT
Small Speculators ( Blue Line )
Past 5 Years