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Chart of the Week – Investor Sentiment: S&P 500 (SPX) & Retail Investor Survey

Asbury Research

Asbury Research
Visit: Asbury Research


CMT Chief Market Strategist


The chart below shows that a daily survey of retail futures traders is retracting from a mid-July previous most bullish extreme of 81% bullish or higher, but is only about halfway to reaching opposite least bullish extremes that have historically coincided with market bottoms.  This metric warns there is more downside to come within the current August decline.

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This material is from Asbury Research and is being posted with Asbury Research’s permission. The views expressed in this material are solely those of the author and/or Asbury Research.

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Disclosure: Futures Trading

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