The most liquid equity index futures contract in the world — the primary LA Traders instrument.
ES is the E-mini S&P 500 futures contract traded on the CME, tracking the S&P 500 index at $50 per point per contract. It trades nearly 24 hours a day (Globex session), offers deep liquidity with 1-tick (0.25 point = $12.50) spreads, and is the most actively traded equity index future in the world. Its characteristics make it ideal for the RRR framework: clean technical levels, dense liquidity at obvious prices, and enough movement in the New York morning to offer multiple A+ setups per week.
Liquidity is everything. On ES, your levels get respected because the whole world is watching them, and your fills are instant because the book is deep.
ES sweeps the ON high at 5,847, retraces to the breaker at 5,842, runs to the midpoint at 5,837.50. An 11-point Run = $550 per contract, before size.
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