Here are the latest Commitment of Traders charts for Emini traders:
This week's Commitment of Traders reading is +1.0%
Professionals are net long and their net long positions make up 1.0% of total open interest in all stock index futures. This is a decrease of 1.5% from last week – quite a large drop. The Commitment of Traders data has been shown to be extremely accurate in judging the strength of this last rally with the reading turning positive 8 weeks ago.
This week's Commitment of Traders Oscillator reading is +60
Cyan (light blue) dot = Low turning point; Red dot = High turning point
The oscillator rose this week from +45 to +60. No break yet and the oscillator continued up. We're still looking for price action and breaks of significant support levels to confirm a change in trend.
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.