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Does the TF future lead the cash index or the other way around? I see the russel future following the emini future.

 

TIA

 

The truth is that we all speculate on this (well many anyway) rather than 'know'. I knew stock traders who swore that their stocks were led by specific index futures and others say cash is ultimately the leader. My opinion is that mostly the underly is the key driver. However, depending on where in the world the focus is on and what type of action is prevalent, the true driver can and does vary. Keep in mind what is related to the market you trade but remember that ultimately you trade your product and not what you think might be leading.

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