16 days into the 2012 trading year and ES is trading very strange. The broad equity index is up nearly 3% for the month but three days account for more than all of that gain. In other words the other 13 days of the year have produced negative returns.
In addition to that on an intraday basis I have noticed a lot of intraday volatility but with no great trend and a number of signals being made throughout the day. This is not my sweet spot as a trader since I like long trending moves and this seems to be too choppy for my liking.