Quote from Jayford:
ZB U8, 30 yr treasury bond. September. Moves more than the notes, so I use bonds. about a 90% negative correlation to stocks currently, although inflationary data drives em both the same direction. I often cue off bonds without seeing anything in stocks. gets me in ES early. Doesn't always work of course, but it is a tool I use a lot. I always have a 2 or 5 min chart of bonds on one of my screens (up to 5 screens now, a little overkill)
FWIW I also watch ZB and ZN for the same reason.
