ES Morning Update May 25th 2017

Well, so much for the pullback. Up again afterhours and premarket in the ES Futures. We have hit the 2410-2415 area where it should...

ES Morning Update May 24th 2017

Not much to add that wasn't said yesterday or Monday.  I'm still looking for a small pullback before ripping through 2400 but it's certainly...

ES Morning Update May 23rd 2017

The grid up continues it seems.  I was really looking for a small pullback to maybe the 2380 area again, and then a rip...

ES Morning Update May 22nd 2017

Well, I'd love to tell all the bears out there that we are going to top out Monday or Tuesday and tank into a...

ES Morning Update May 19th 2017

The picture is getting a little clearer now on what "I think" SkyNet is going to do.  In the past when we saw a...

ES Morning Update May 18th 2017

WOW! They bears certainly kicked some butt yesterday!  It was unclear at the open yesterday whether or not the 2380 horizontal support area would...

ES Morning Update May 17th 2017

Looks like the rising wedge finally gave way last night as the futures fall back down to horizontal support around the 2380 area, which...

ES Morning Update May 16th 2017

Yippee, the bulls finally hit 2400 and scored a touchdown... it's about time!  So were are we at now?  Yesterday's strong rally, with the...

ES Morning Update May 15th 2017

I hope everyone had a great mother's day weekend and spent quality time with your mother as I got the chance to do over...

ES Morning Update May 12th 2017

Yesterday we did finally drop to the 2380 area of support to fulfill that "MA" pattern and then quickly recovered back up to the...

ES Morning Update May 11th 2017

Still chopping up and down with no clear direction.  I exited my short yesterday at a breakeven on the rally back up the second...

ES Morning Update May 10th 2017

Well, yesterday was a nail biter as the futures made a new higher high of 2400.00 versus the May 5th high of 2399.25, and...

ES Morning Update May 9th 2017

Yesterday we discussed the late move up on Friday as likely being a 5th wave inside a larger C wave up, that should finish...

ES Morning Update May 8th 2017

Election is over now and Macron won as expected... so what's next?  Looks to me like we put in a new all time high...

French election results: Macron defeats Le Pen to become President

The French election results show Emmanuel Macron has beat Marine Le Pen to become President of France, with early predictions showing that 65 per...

ES Morning Update May 5th 2017

The futures are up this morning hitting some horizontal resistance and an old rising trendline of resistance.  Not much more to add here as...

EU Warns Emotions Getting Out of Hand on Brexit

European Council President Donald Tusk warned that unrestrained “emotions” could make Brexit talks “impossible” in a veiled swipe at British prime minister Theresa May. The...

ES Morning Update May 4th 2017

Looks like we finally got our breakout over the falling green trendline last night and have fell back to retest it this morning.  I...

ES Morning Update May 3rd 2017

The futures are down a little this morning before the open but almost flat as they are still in the trading zone created over...

ES Morning Update May 2nd 2017

Good morning everyone.  Looks like I haven't missed much the last few days since my Aunt Betsy passed away, with the funeral yesterday.  Hopefully...

Red's Daily Updates

ES Morning Update May 25th 2017

Well, so much for the pullback. Up again afterhours and premarket in the ES Futures. We have hit the 2410-2415 area where it should...

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