Here are the latest Commitment of Traders charts for Emini traders:
This week's Commitment of Traders reading is -10.8%
Professional net short positions now make up 10.8% of total open interest in all stock index futures. This is an increase in short positions of 1.6% from last week. The professionals have not held this large a short position since January 2005.
This week's Commitment of Traders Oscillator reading is +20
Cyan (light blue) dot = Low turning point; Red dot = High turning point
The oscillator has now turned up this week, having spent only one week below zero and in the "buy zone". This rise above the zero line confirms a short term low in the market during the week before last (cyan/light blue dot). We have now re-entered the "look for short trades" zone. Given the large net short position held by professionals, a more substantial break to the down side looks ever more likely.
Remember, the Commitment of Traders data is collected weekly after the close on Tuesday and the Commitment of Traders Report is published after the close on Friday.