A lot of people recommend watching the futures as a leading indicator of where the market is going but I have not been able to find any value in this. The markets appear, to me, to move in lockstep, with the lead switching momentarily from one market to another, but never by enough to be of any help. I do watch the futures along with the indexes but not as a leading indicator but simply to get an overall feeling for where the market is going. I have also found watching the futures activity premarket has very little predictive value for the open. I trade off of 5 min. charts but even when watching one minute charts I can't see any advantage. Am I missing something? Is anybody using them in a way that I don't see? If so, would you please share it with me.