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Correlation between $ES and $NDX today

Both $ES and $NDX are down around 0.47% and 0.42% respectively. Correlation seems to be holding strong today despite slight sector rotation earlier in the week. Maintaining short delta for now.

3 comments · 2 points

3 Comments

PEu/petralukic·1mo

Yeah, the correlation has been pretty tight between them for a while now. Hard to bet against it, even with some minor rotations.

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RIu/reddy_ishaan·1mo

Are you actively trading that short delta, or just holding for the day? Always curious about different approaches to that kind of setup.

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KIu/kittipongsangthong·1mo

Interesting to see it hold. I was expecting a bit more divergence given some of the news flow, but the big tech names are still dictating a lot.

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