Do ES (S&P 500 E-mini Futures) and ZN (10 Year Treasury Note Futures) Move Together on 30 minute Charts?
Educational reference. Measured from recorded market data through October 15, 2026. Not a prediction.
E-mini S&P 500 and 10 Year T Note are often assumed to move together. This measures it against 1,509 time aligned 30 minute bars over the last 45 days — no opinion, just what the two actually did.
| Bars where both moved | 1,218 |
|---|---|
| … and moved the same direction | 787 (64.6%) |
| Correlation of bar to bar changes | +0.429 |
At 64.6% agreement and a correlation of +0.429, these two have a moderate tendency to move together on this timeframe.
Where the relationship breaks down
Prices moving together does not mean everything else does. The indicator pages below measure each reading separately — and momentum, trend strength and volatility frequently disagree even when price does not.
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How this was measured
Every 30 minute bar recorded for both instruments in the last 45 days was aligned by timestamp. Bars where either did not move are excluded from the direction figure, since a flat bar agrees with nothing. Correlation is measured on bar to bar changes, not on price levels — two markets can both drift upward for unrelated reasons, and correlating levels would call that a relationship.
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Questions traders ask
Live 30 minute high low prediction On the 30 minute ES chart LiveCharts.AI predicts the next 30 candles, about 15 hours ahead, and redraws them as each 30 minute candle closes. Candlestick prediction →
App that predicts ES prices LiveCharts.AI is an AI charting and prediction app built for futures day traders: live ES charts, predicted candles up to 30 bars ahead and an AI chat that explains the chart, on web, iPhone, iPad and Mac. Futures prediction app →
Real time predicted indicators for S&P 500 E-mini Futures LiveCharts.AI updates the ES prediction as each candle closes, so the predicted path always starts from the latest price, and the chat answers questions about the chart as it is now. AI chart analysis →