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A report on this calendar event is released weekly by the CFTC Commitment of Traders.
This indicator reflects the difference between the volumes of long and short positions on the S&P 500 opened by speculators (non-commercial traders). The dynamics of the indicator is a measure of speculators' sentiment. The indicator does not have a strong impact on the S&P 500 quotes and is considered by analysts in conjunction with other indicators.
No change of the indicator value may reduce the volatility of the related markets.