Is it Time for a Checkup?

As many of you have noticed, the stock index Futures have had a drastic cut in volatility since their all-time high volatility in October. At that time, the ES (E-mini S&P) had an ATR (Average True Range) of approximately 90 handles (full points). That is about $4,500 per contract from the day's low to the day's high. Today, the ATR is about 20 handles or $1,000 per contract from the low of the day to the high of the day, almost an 80% haircut. With this decreased volatility comes