Anyone put on a long NQ, short ES spread for the action so far today? What would the correct ratio be?
2 NQ to 1 ES is the approximate ratio based on the point value risk for each. (2.5 to 1 actually). Opened a spread position at the open based on the relative strength of the gap ie stronger than ES Exit around 10:30am on the retrace. Pretty rangebound action today so nothing too spectacular. Joe90