A Leading Indicator For The S&P 500 Emini Futures
Is there really a Leading Indicator? One specific market that signals the world that the S&P 500 is about to make a move? Until today I was pretty steadfast in my argument that the answer was "No". If you've listened to the show for any length of time you know my list of reasons is itself quite lengthy not the least of which is that if there was such a thing, we would all know about it and would each be trading from our own sovereign nation (island). Argument #2 on the list and probably the most sound is the markets would simply cease to exist as everyone would be exploiting the same edge rendering it useless.
Have I changed my mind? No. However, based on some input today from one of our Partners and a few other seasoned traders there does seem to be one idea that just might have some merit.