Seasonality and overbought... Professionals shorting and non professionals buying. Insiders selling. Forex giving strong bearish signals... Complacency...
I don´t know from this point if S&P500 can trade above 1700... What i am seeing is that even the bearish blogs are expecting a rise above 1700 and this is not good... I exited my long positions and start shorting. My forex trades (long JPY and USD against some currencies are working).
Bellow is a chart from one of the worst indexes IBEX30, where you can see a good spot to short.
CoT: Peek Into Future Through Futures, How Hedge Funds Are Positioned
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Following futures positions of non-commercials are as of April 16, 2024.
10-year note: Currently net short 362k, down 144.8k. Last October, the
10-year tre...
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