What are you trading stocks or E-Minis. After trading stocks for few years I am starting with E-Minis. Trading E-Minis you do not care about company earnings, markets makers, analysts, etc. It appears to be much easier to trade. Is it? Why there is a price difference between SPY - closed today 87.51, S&P Index â 871.13 and ES â 871.50. Fair value for ES would explain the price difference ES vs Index. However, why SPYs are much higher?