What is the breakdown of YM points per 1 ES point? They are two separate indices and am curious to the breakdown of the movements. It seems that overnight Globex of YM has a very small range per ES full 1 point. Ask on ES was 1337.00 YM 'ask' was at 12020. ES moved to 1338.25 'ask' and YM is at 12024 'ask?'
Probably a good idea to keep in mind these are two entirely separate indexes. Even if they are somewhat correlated. YM/ES = 8.98 0.1% move in ES = 1.33 points or rounded off 5 ticks 0.1% move in YM = 12 points/ticks $50 move in ES = 4 ticks/1 point $50 move in YM = 10 ticks/10 points average daily range ES = 22.14 points/88 ticks average daily range YM = 195 points/ticks
Well essentially if you are just considering the amount of leverage / $ value of a point then the YM would be 10 points for every ES's 1 point. ES - $50/point YM - $5/point
In terms of market movement, it's (very) roughly just less than 10 YM = 1 ES in points, but is not a rule at all.