This morning, the S&P 500 Index e-mini futures (ES Z1) are trading higher 9.75 points to 1199.25 per contract. The S&P 500 Index futures have gained 132.0 points since October 4, 2011, that is certainly a massive move in such a short amount of time. The rally in the S&P 500 Index occurred as the U.S. Dollar Index sold off, therefore, the U.S. Dollar Index futures (DX Z1) are the most important chart for traders to follow. There will always be a lot of news coming out of Europe, however, by following the U.S. Dollar Index traders can sift through the noise. Remember, the U.S. Dollar Index and the major stock indexes trade inverse to each other.
