Weekly COTR update for S&amp;P500 Futures &amp; Options. 

Non-commercials have sold even further. 

The question is : will they reach capitulation like in late 2015 or are they forecasting a drop in prices ? 

This is the biggest divergence in the past 10 years by far.

$SPY $SPX $ES https://t.co/s7zmpHVHDg