Last Friday morning ER slapped thru a 4pt sideways range in three violent swings, nil volume. Did a similar thing Wednesday morning, smaller range but same pattern.
When volatility is low, ER is king. When volatility is high, it's a wild one.
Three ES trades for me today went short +2pts (trailed stop just before surging another 4pts lower) short +4pts and short +3pts.
Five ER trades went short -1.5pts, long +2pts, short -1pt, short +1pt and short +3pts
All ER trades went at least +1/2pt in favor, two stopped out for net loss. Bottom line? ER is spiky = whippy as the other side of its dual-edged volatility sword. High adrenaline critter, for sure