S&P Futures accurate forecast of market opening?

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Global100
Posts: 228
Joined: Wed Dec 27, 2017 7:46 pm

S&P Futures accurate forecast of market opening?

Post by Global100 »

Do S&P Futures accurately show how the market will open, especially around 9:29 am eastern time just before the opening bell? For example if S&P Futures show down 0.75% at 9:29 am, then is that about where the S&P will open (plus or minus a small margin of difference)?
Last edited by Global100 on Mon Jan 14, 2019 8:18 am, edited 1 time in total.
livesoft
Posts: 86080
Joined: Thu Mar 01, 2007 7:00 pm

Re: S&P Futures accurate forecast of market opening?

Post by livesoft »

Yes, I think so, but better would be to see what SPY was trading at in the pre-market session. SPY has traded more than a million shares today already.

Other things trade in the pre-market. For instance, VTI traded -1% from the Friday close.
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