Latest Commitment of Traders charts.
Commitment of Traders: Professionals -14.1% (short)
The Professionals added to their Short positions this week. Their net Short positions rose from -11.9% to -14.1% of total open interest.
The red line in the chart above also turned down this week. This shows the SP (large contract) Professionals are now more bearish than the ES (mini contract) Professionals. Back testing shows the SP Professionals are a more reliable indicator of market direction.
Commitment of Traders: Oscillator +76
The Commitment of Traders Oscillator is over-bought but the reading ticked up to +76 this week.
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.