ES as Indicator?

Discussion in 'Index Futures' started by ER9, May 22, 2004.

  1. ER9


    I have been using the ES overnight session as a leading indicator of where I think the S&P and Dow will open and head the next morning.

    Once the securities markets open in the morning though, does the emini price still lead the S&P and Dow or is it the other way around?

    I havn't been watching them long enough to figure it out.
  2. It's variable - sometimes futures leads equities and ETFs, other times equities lead futures and ETFs, and still other times ETFs lead equities and futures

    Let's face it - if it was a simple as "oh, the ES always leads the cash" it wouldn't take any skill to make money trading