In this week’s session on IG Client Sentiment (IGCS), I discussed the outlook for the S&P 500, gold and AUD/USD. IGCS is a contrarian indicator. For a deeper dive into what this means and for fundamental analysis, check out the recording of the session above. The IGCS gauge implies that about 26% of retail traders are net long the S&P 500. Exposure to the upside has increased by 10.99% and 10.52% over a daily and weekly basis respectively. Recent changes in sentiment warn that the current price trend may soon reverse lower despite the fact traders remain netshort. S&P 500 futures have stopped short just under the ... (full story)