I’ve noticed all the micro futures charts look pretty much the same. After pulling up charts of a recent trading day (Friday, Sept 6, 2024) I noticed whether its an index future (i.e NQ, ES) – both looked similar (both index futures being bearish with similar patterns) and the index futures charts even looked the same to all other charts whether it’s commodities like copper, gold, etc. I was expecting Gold or Bond Futures charts to have opposing looking charts to the index futures, but didn’t notice much difference.
Anyone know of inversely correlated futures (micro or even e-mini’s), so if we see a bullish trend in one of the index futures charts for example, we can possibly expect the other futures product chart to be bearish and trade that on the bearish side or vice versa?
Anyone know of inversely correlated futures (micro or even e-mini’s), so if we see a bullish trend in one of the index futures charts for example, we can possibly expect the other futures product chart to be bearish and trade that on the bearish side or vice versa?