ES Continues

It must have been over a week ago I showed a simple chart that you may or may not have noticed, it showed the 10 day average true range of the market over a day had doubled over the course of about a month or so, meaning intraday volatility has about doubled. Have you noticed the market (it's very obvious on ES charts) takes off either up or down right at 9:30 exactly and then that move tend to be faded in the other direction by the afternoon, this is all a meat grinder for the average trader.

Any way, here's the latest S&P E-mini Futures chart.

3C has hit a new leading negative low, note that ES was trading laterally during this, it's now starting to react.