[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Neil Sethi [@neilksethi](/creator/twitter/neilksethi) on x 12.4K followers Created: 2025-07-21 11:15:00 UTC Looking at CTA (trend follower) positioning in the US indices, BOA says: “According to our model, trend followers added to equity longs this week, especially in the US as the S&P XXX and NASDAQ-100 reached new all-time highs. In fact, long positioning in NASDAQ-100 futures looks to be in consensus across short-, medium-, and long-term trend followers which increases the potential impact should CTAs unwind in a reversal. Our closest NASDAQ unwind trigger is still more X% lower from Friday’s close with selling accelerating at X% lower from the index high.” So BoA sees CTAs as continuing to add to equity longs for the SPX, NDX, and RUT in the upcoming week, particularly on a positive price path and/or with lower volatility. They don’t have a buy trigger for the SPX but the first sell trigger is 6275 with a second at 6032. NDX has a sell trigger at 22761 while RUT has a sell trigger at 2141 (buy trigger at 2324).  XXXXX engagements  **Related Topics** [longterm](/topic/longterm) [futures](/topic/futures) [alltime](/topic/alltime) [rating agency](/topic/rating-agency) [$spy](/topic/$spy) [Post Link](https://x.com/neilksethi/status/1947253974815424943)
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Neil Sethi @neilksethi on x 12.4K followers
Created: 2025-07-21 11:15:00 UTC
Looking at CTA (trend follower) positioning in the US indices, BOA says: “According to our model, trend followers added to equity longs this week, especially in the US as the S&P XXX and NASDAQ-100 reached new all-time highs. In fact, long positioning in NASDAQ-100 futures looks to be in consensus across short-, medium-, and long-term trend followers which increases the potential impact should CTAs unwind in a reversal. Our closest NASDAQ unwind trigger is still more X% lower from Friday’s close with selling accelerating at X% lower from the index high.”
So BoA sees CTAs as continuing to add to equity longs for the SPX, NDX, and RUT in the upcoming week, particularly on a positive price path and/or with lower volatility.
They don’t have a buy trigger for the SPX but the first sell trigger is 6275 with a second at 6032. NDX has a sell trigger at 22761 while RUT has a sell trigger at 2141 (buy trigger at 2324).
XXXXX engagements
Related Topics longterm futures alltime rating agency $spy