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S&P 500 Remains in Position to Rally

David Rodriguez

DailyFX.com -

S&P 500 Remains in Position to Rally
S&P 500 Remains in Position to Rally

Why and how do we use the SSI in trading? View our video and download the free indicator here

SPX500– Retail speculators continue selling aggressively into SPX500 gains—a CFD which tracks the fair value of the S&P E-mini futures contract. If the crowd is selling we typically look to buy, and a contrarian view of ‘the herd’ mentality keeps us focused on further near-term strength.

See next currency section:NZDUSD - New Zealand Dollar Outlook Remains Positive

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
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