[feb2865]

Index futures are pure supply and demand proxies

That's completely true and it's one of the reasons some traders doesn't like index futures. It makes them playing on a jumpy zero-sum game. On stocks/EFT's etc. you migth be trading against institution/position traders/investors who doesn't care too much about couple of cents here and there. That makes the whole scene smoother. I trade both futures and EFT's (QQQQ) No personal preference here but as I stated before, some traders do.