I only marked the FTSE-chart when oil had a free fall on 1-25sept and FTSE has more oil-stocks than S&P500, and FTSE did go down 1-25sept as the astro said stockmarkets should do. S&P500 should normally have been down 1-25.sept.. FTSE is a more "correct" index when oil has a ab-normal free fall. And 16.nov-3.dec the us-dollar had a free fall, so the FTSE was more correct here too.
FXE is the ETF for EUR/USD. My observations over time : TLT(bonds) and FXE have a 2-4 days lead on S&P500. $BKX has a 1-2 days lead and is the most important leader. 70-90% correct. Use it with 1-4 days patterns.
I looked back at the astro major low friday 22.sept - monday 25.sept. in my archive.. It was the 2 day FXE and TLT lead here : <a> </a> <a> </a> (There are some norwegian words on the charts...)
Ok... $SPX and EUR/USD do very often reverse to mean as a pair. It does not matter that I'm talking about this because 80-90% will not research this anyway. One other thing I have observed is when FXE does a big "gap", $SPX seems to follow 30-40 min after open as you see on 3nov and 7nov. : <a> </a>
Her comes this weeks price-action. Very often $SPX moves to 10:00-10:20 makes a pullback to 10:40-10:50 and then moves in the direction of the first 30-50 min., or 10:00-10:20 is the pivot of the day. Look also at the FXE-gap 8.dec., and $SPX follows 40 min later. But FXE closed very weak. <a> </a>
Very interesting comparisons!! Did you discover any "firm" rule for the question: who leads?? (hen or egg - which one was/is first?) Charly
I think FXE and TLT leads $SPX. But it does not matter to much because I think that EUR/USD and S&P500 act as a pair as in pair-trading : <a> </a>