Strong intraday corrolation between DAX and SP Emini. How to setup and trade?
Are the chart getting me fooled? autoscale? Fixed? Should I look intraday, 2 days? weekly

Am I completly wrong? I need closure on this

Quite normal for all major indices and basically all time frames.

fyi a longer-term pic of the rolling correlations up to yesterday - measured by ETFs in this case to avoid e.g.
rollover data dicontinuities; just to give an impression of the time (in)stability of this correlation.

dph1 

Strong intraday corrolation between DAX and SP Emini.

All the major generalised indices are to some extent correlated.

dph1 

How to setup and trade?

I don't think the reality of those correlations are in themselves indicative of "set-ups" at all?

It can be used as a ticker during night session.

Yes but what is interesting, and useful, is that the dax will often react/turn at the same time as S & P when S & P hits a clear SD/SR level, even if there is no apparent level on Dax

It seems from brief observation that correlation of turns/pivots is higher than strength of moves, especially during europe pm, NY am

So imo, it pays to analyse S & P/ES for levels as well as Dax as part of pre trade routine for trading Dax in europe morning

NKE12 

Yes but what is interesting, and useful, is that the dax will often react/turn at the same time as S & P when S & P hits a clear SD/SR level, even if there is no apparent level on Dax It seems from brief observation that correlation of turns/pivots is higher than strength of moves, especially during europe pm, NY am So imo, it pays to analyse S & P/ES for levels as well as Dax as part of pre trade routine for trading Dax in europe morning

Hi !

Did you see that many times. I mean do you think, S&P could be a good signal to anticipate DAX movements ?

Cheers,
P.

Hi

I suggest you pull up 5 min charts of the two instruments, side by side and watch them for a few weeks - and then form your own conclusions - and whether it helps you or not

it helps me

regards

Pharmakon 

Hi ! Did you see that many times. I mean do you think, S&P could be a good signal to anticipate DAX movements ? Cheers, P.