Bearish Mood Might Arrive as S&P 500 is Facing the Biggest Net Short

Peter Smith

S&P 500 has the biggest net short over the last 9 years.

Image source: unsplash.com

According to the trader Steve Burns (@SJosephBurns), S&P 500 has the biggest net short over the last 9 years.

Image Source: Twitter SJosephBurns

However, the S&P 500 index seems to neglect all negative things as it keeps rising after a recent correction.

Image source: TradingView S&P 500

Since the decline to around 3,000 points happened, S&P 500 has already increased by more than 6%. This morning, the current September futures on the S&P 500 index is adding about 0.5%, trading above 3,070 points, suggesting a positive opening of the main market session. It means that the decline that happened a few weeks ago was just a correction followed by a continued growth instead of the start of a bearish trend.

#Stock Market #S&P500

Peter Smith E-mail

Pete is an expert in content creation with a passion for the global economy and equities market.