About a year ago both futures moved pretty much the same and 1 ES point move was equivalent app. with 10 YM points move. Lately this alignment went out of sync. Looks to me that the volatility of ES increased almost twice as much as the YM's. Right now 1 ES point move equals roughly 16-20 YM points. I wonder what's the cause of this? Also when one decides which instrument to trade, this should be kept in mind... Probably for beginners the YM is better right now but if one trades swings, ES gives the better results...
???.........the industrials and financials in the Dow are outperforming the techs in the S&P?? The two indices should revert back to their normal ratio.