Here are the latest Commitment of Traders charts for Emini traders:
This week's Commitment of Traders reading is +1.1%
Professionals are now net long and their net long positions make up 1.1% of total open interest in all stock index futures. This is an increase of 2.7% from last week. Historically, this is a very bullish level for Commitment of Traders data but check out the oscillator below for timing market entry.
This week's Commitment of Traders Oscillator reading is -105
Cyan (light blue) dot = Low turning point; Red dot = High turning point
The oscillator is now below zero and in the "look for buying opportunities" zone. However, the oscillator was below last week's reading and has not turned up yet. A small change was made to the COT Oscillator calculation this week but this has not changed turning points or 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.