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.
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