This week’s Commitment of Traders reading is -8.2%
Professional net short positions now make up 8.2% of total open interest in all stock index futures. This is a reduction in short positions of 2.6% from the high reading of two weeks ago.
This week’s Commitment of Traders Oscillator reading is +40
Cyan (light blue) dot = Low turning point; Red dot = High turning point
The oscillator has now spent the last three weeks above zero and is in the “look for the next down trend” zone. It appears to be leveling out but we’ll have to wait another week to see if it turns down.
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.