This week’s Commitment of Traders reading is -7.8%
Professionals unwinding short positions with net short positions making up 7.8% of total open interest in all stock index futures. This is down 2.2% from extreme net short position 4 weeks ago of 9.95%.
This week’s Commitment of Traders Oscillator reading is +36
The oscillator continues to turn down from the high of early October, when there was an extreme divergence between rising Emini prices and increasing short positions taken by professionals. Surprising that the Emini has not broken the rising trend line and turned down by now.
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.