ES Morning Update June 28th 2017

The bulls couldn't hold on yesterday to the green rising trendline and fell through it in what looked like a C wave down.  I...

ES Morning Update June 27th 2017

Yesterday the bulls had the advantage with the charts if only they would have allowed the futures to drop down first, but instead they...

Biggest U.S. banks clear first hurdle in Fed’s annual stress tests

The 34 largest U.S. banks have all cleared the first stage of an annual stress test, showing they would be able to maintain enough...

ES Morning Update June 26th 2017

The futures this Monday morning are banging up against the blue trendline of resistance.  The MACD's on this 60 minute chart look overbought to...

ES Morning Update June 23ed 2017

Not much to add this morning.  The futures are still chopping in a tight range.  The C wave down hasn't happened yet and may...

ES Morning Update June 22nd 2017

Charts a mixed this morning with no clear edge for what direction the market will go today.  But just based on the last two...

ES Morning Update June 21st 2017

I'm 0 for 2 so far this week... not good.  I'll just call today as going up, going down, or going nowhere and I'll...

ES Morning Update June 20th 2017

Well, I was dead wrong on yesterdays' call.  I thought we'd chop in a range but the bulls decided to rip it up higher...

ES Morning Update June 19th 2017

Good Monday Morning to everyone.  Last week on Tuesday I got attacked with Gout in my right knee and couldn't walk.  So doing morning...

ES Morning Update June 14th 2017

It's still looking bullish on the 6 hour MACD's and this 60 minute MACD has hit +2.5, turned down and now pointing back up...

ES Morning Update June 13th 2017

The futures are still trading in the triangle range mentioned on yesterday's update.  The MACD's on this 60 minute chart are overbought but the...

ES Morning Update June 12th 2017

Charts look mixed this Monday morning between the SPX Cash Index and the ES Futures.  The futures look oversold and appear to be trying...

ES Morning Update June 9th 2017

No matter how hard the bears try the bulls just won't give them an inch.  This morning we see the ES Futures up small...

ES Morning Update June 8th 2017

Looks like the futures are up slightly but not much overall change from yesterday.  I've redrawn the triangle so it's wider now to accommodate...

ES Morning Update June 7th 2017

Not much to add today that wasn't spoke of yesterday.  The market is clearly waiting on the testimony of Comey and various other important...

ES Morning Update June 6th 2017

The ES Futures finally sold off a little afterhours and premarket this morning. And they went right to the green rising trendline and pierced...

ES Morning Update June 5th 2017

Looks like the futures are forming another bull flag this Monday morning.  The MACD's on this 60 minute chart have dropped from +5 to...

ES Morning Update June 2nd 2017

The cup and handle pattern played out yesterday and cleaned the bears out that were short from that sideways trading range of a week...

ES Morning Update June 1st 2017

Finally, we saw a small pullback yesterday after I "just about" threw in the towel on it.  But, it all reversed back up into...

ES Morning Update May 31st 2017

Still no pullback yet, and instead we've rallied up some this morning.  Looks like the bulls where forced to move up or they would...

Red's Daily Updates

ES Morning Update June 28th 2017

The bulls couldn't hold on yesterday to the green rising trendline and fell through it in what looked like a C wave down.  I...

Recent Posts