The S&P 500 is one of the key indexes in the stock market. This is a major indicator of how the business sector is doing since it is comprised of the current top stocks. A lot of novice investors and even the more experienced ones will buy S&P ETFs as a fairly safe bet.
Some will even invest in futures based on this index called e-mini S&P or ES. This is suitable for people who feel like they can predict the direction of the broader market. It’s also good for investors who have a keen eye for market sentiment swings. The ES futures will move in the direction of the base index.
The contracts typically last a month and have high liquidity. Some will go a step further and go trading ES futures options on a weekly basis or other timelines. They do this to mitigate risk and increase upside potential.