DAX and ES Question

[increasenow]

Does anyone use the overnight DAX to get a "pulse" on where the ES is headed in the pre RTH USA and opening of the RTH USA??...what do you look at? Thanks in advance!

 

[Prevail]

china has been leading us of late.

 

[asap]

the es trades overnight and follows the action in asia and europe. it is all the same. all trade in tandem.

 

[increasenow]

in regards to overnight...would you say that the ES leads or follows Asia and Europe?????

 

[NihabaAshi]

Quote from increasenow:

in regards to overnight...would you say that the ES leads or follows Asia and Europe?????

They take turnes depending on the key market event.

Further, you shouldn't be concerned which who leads who for how long (seconds, minutes, hours or days).

Instead, concentrate on what type of key market events will produce a market leader (seconds, minutes, hours or days) if your methodology depends upon knowing which one is leading the other.

Mark

 

[increasenow]

thanks Mark...agreed

 

[Bogan7]

Quote from Prevail:

china has been leading us of late.

You really think so because I dont that market is a force unto itself. The mini Feb crash was touted as being caused by a china sell off but in reality it more to do with US domestic durable goods numbers among other reasons.