LiveCharts.AI › Pairs › ES vs SPY › 1-minute
Does Williams %R Agree on ES and SPY? (1-minute Charts)
Educational reference. Measured from recorded market data through September 4, 2026. Not a forecast.
Williams %R measures where the close sits inside the recent range. This page asks a narrower question than the price comparison: when Williams %R moves on E-mini S&P 500, does it move the same way on SPDR S&P 500 ETF?
| Bars where Williams %R moved on both | 14,817 |
|---|---|
| … and moved the same direction | 12,851 (86.7%) |
| Price correlation, same period | +0.920 |
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.
See LiveCharts.AI forecasting Williams %R on both — 7-day free trial →