We aren't in 2017 anymore
There is a lot of event risk floating around.
If it isn't Chinese tariffs, it is a Trump administration investigation or Russian/Syrian turmoil. We've gone from a world seemingly without risks throughout most of 2017 and early 2018, to a world in which there are peripheral threats in every direction. That said, despite what it feels like volatility isn't as high as it could be. Although we are seeing large point swings in the stock indices, the percentage of the swings is relatively reasonable given the height of the market and associated risks. Further, the VIX is relatively tame when compared to past volatility.
Where the ES goes in the short-run is obviously akin to a crap shoot. Nevertheless, looking back at historical patterns it is generally a poor idea to bet against the S&P 500 as it is trading in a trough ahead of earnings season; earnings seasons have a tendency to reverse trends.