Recently with all the hoopla coming out of Europe the Bund (German 10yr bond future) and the 10 YR Treasury Note futures have provide a nice barometer for the ES. Lately there has been a pretty nice reverse correlation where the credit instruments will trade at a new high and the stock indexes will trade at a new low.
For anyone new to the markets, don’t expect it to be tick for tick, but these types of related market correlations can be very helpful to understand and keep an eye one.
These correlated market concepts are being taught in the new MarketDelta Trading Room. It is worth joining in and learning how to apply.
Here is a screenshot of my 3 DOM’s from MarketDelta Trader this morning.