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Hello,
When dealing with support, resistance, and trend lines on higher time frames, there is a difference between the SPY and E-mini SP500 futures.
As far as I understand from reading on the internet & BTC discord, this is due to futures being "forward-looking" so they take interest and dividends into account (I don't quite understand it). Then there are also roll-over gaps when a contract expires and moves to a new one, and you can choose to back-adjust to remove these artificial gaps and plot it all on a continuous contract chart (still don't really understand this).
So my bottom line question is, what support level is significant here when comparing these 2 charts, the prices are clearly not aligned? SPY didn't hit it but the E-mini SP500 futures did. Perhaps I am missing something in my TradeStation settings?
Thank you,
Andreas
