Does anyone use intermarket analysis between index futures? For example, when trading the ES, do you also look at the price action in the Dow, Nasdaq, or Russell, or maybe even sector specific ETF's (semis, financials, ect...)? What do you look for?
Yes in the room we look at the ES while trading the YM. The ES has more volume and occasionally will 'lead' the YM so we can use it for foreshadowing.