This week’s Commitment of Traders reading is -8.8%
Professional net short positions now make up 8.8% of total open interest in all stock index futures. This is a decrease in short positions of 0.9% from last week.
This week’s Commitment of Traders Oscillator reading is +44
The oscillator continues to turn up but this does not signal to go long. Long signals are only triggered after the oscillator has crossed below the dotted zero line and turned up. Typically when this happens it’s part of a divergence pattern. The Emini may try to retest the December high while the oscillator remains weak, setting up a short signal divergence pattern.
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.