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Does ADX Agree on ES and MNQ? (30-minute Charts)
Educational reference. Measured from recorded market data through September 9, 2026. Not a forecast.
ADX measures how strongly a market is trending, regardless of direction. This page asks a narrower question than the price comparison: when ADX moves on E-mini S&P 500, does it move the same way on Micro E-mini Nasdaq-100?
| Bars where ADX moved on both | 1,508 |
|---|---|
| … and moved the same direction | 1,067 (70.8%) |
| Price correlation, same period | +0.899 |
ADX disagrees more than price does. Prices correlate at +0.899, which would suggest agreement near 86%. ADX manages 70.8%. The two markets move together while this reading does not — the gap is where a divergence setup would show up.
Why this is not the same as the price question
Two markets can move together while their momentum, trend strength or volatility do not. A reading that agrees far less than price suggests is exactly where one market is losing steam while the other keeps going — and a reading that agrees more is tracking something shared that direction alone does not capture.
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