CTA Selling Is Ending, But...

CTA Length in US Equities went from +$45bn to now -$30bn. 

The historical max short is -$50bn. 

Goldman Sachs trader Nelson Armbrust estimates they have another $5bn or so of US Equities to sell over the next 5 days, its not nothing… but it also won't put a huge amount of pressure on equities either.