Maybe a better way to say it is a relatively tight channel with a flatter trajectory (if you ignore the opening 5 minute bar)
FWIW... if you look at RTH only, ES range has only been 30.50. RTH-only Volume is (currently) paced to 3 million plus. I would say RTH-only Volatility is very lame/tame. 7:40am pst
Very lame compared with what exactly? NQ? Crude oil? Compared with normal market action in ES - I don't find anything lame or tame with this price action.
When you overlay (consider) an increase in todays Vix approaching 25%, a 30 point RTH-only range, with very heavy RTH-only volume (very heavy in that the (current) pace would generate the highest daily rth-only volume thus far for this contract), the rth price action is lame/tame. For now, you could say it has found an equilibrium so to speak. Some might even call it chop.
I don't quite get it, but I suppose you have another way of defining volatility than me. What happened here is that the main move happened overnight and that we opened gap down 104,25 points / - 3,12 % - hence the increase in the VIX. 140 points on offer so far looking at the main swings. Whatever definition you are using - it's certainly not lame.
%% Looks like some buy on SPY, but who would have figured that, above 200dma/uptrend ??LOL Good profit on SQQQ, not much buying as of 11CST, but it pays a good dividend+ plenty liquid when have to close a position.................................................................................NOT a prediction on SPY or SQQQ, may lose value+ not bank insured.
Pretty clear (to me) you do not understand how volume, volatility, and price movement work together. It's OK, most do not. As long as your methods make it so you trade what is rather than what is wanted, money takes care of itself. Trade On!