All of the major stock index futures are trading higher ahead of the opening bell. This morning, the S&P 500 Index e-mini futures (ES H2) are trading higher by 14.50 points to 1213.50 per contract. The catalyst for the move higher is once again better news out of the European Union, however, it is really the decline in the U.S. Dollar Index futures (DX H2) which is the real catalyst. As we should all know by now, when the U.S. Dollar declines the major stock indexes will inflate and trade higher. Last night, the U.S. Dollar Index futures tumbled sharply lower and that sparked a rally in the futures. The U.S. Dollar Index chart is still one of the most important charts that any trader can follow at this time.
