Latest Commitment of Traders report.
Commitment of Traders: Professionals -2.2% (short)
Bear in mind that the Commitment of Traders data is collected at the close on Tuesday, therefore, before the large sell-off we saw on Thursday. The Large contract (SP) professionals had increased their short positions from -0.3% to -2.2% of total open interest at the beginning of last week. This was the largest move we’ve seen in the COT data for about 2 months. Pity the data gets delayed!
Commitment of Traders: Oscillator -50
The Commitment of Traders Oscillator also dropped from +105 to -50. So the over-bought reading we’ve had over the last 3 weeks has turned out to be correct. We’re now down at -50 which is in "no man’s land" and we’ll have to wait for this week’s Emini trading for more signals.
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.