S&P 500
E-mini S&P 500
Week of May 5, 2026
BEARISH
Smart money is net short and buying more.
2Y percentile: 23th — Well below average
Weekly change: +1,615 contracts
Weekly Changes
Asset Managers+15.1K
Leveraged Funds+1.6K
Dealers-4.0K
Other Reportable-7.7K
Positioning Percentile (2Y)
Asset Managers
85thWell above average
050100
Leveraged Funds
23rdWell below average
050100
Dealers
53rdNormal range
050100
Other Reportable
35thBelow average
050100
Full Stats Table
| Trader Type | Net Position | Weekly Change | 2Y Percentile | 5Y Percentile |
|---|---|---|---|---|
| Asset Managers | +1.0M | +15.1K | 85th | 94th |
| Leveraged Funds | -405.9K | +1.6K | 23rd | 24th |
| Dealers | -709.6K | -4.0K | 53rd | 22nd |
| Other Reportable | +18.1K | -7.7K | 35th | 72nd |
About S&P 500 Positioning
The main event. This is where every institutional player expresses their view on the US stock market. When leveraged funds are max long, ask yourself: who's left to buy? When they're max short, ask: who's left to sell? Crowded trades unwind. That's not opinion — it's physics.