ES Morning Update October 16th 2019

Yesterday near the close I decided to take a short position. A lot of factors went into it, like the 5 wave up move...

ES Morning Update October 15th 2019

We had a red close yesterday, which kills Lucy3 unfortunately. But there's another even stronger sell setting up right now, and it's targeting this...

ES Morning Update October 14th 2019

Futures are set to open down a little this morning. It looks like a continuation of the late day pullback on Friday. If I...

ES Morning Update October 11th 2019

Ok gang, this morning we see the futures up nicely as they pushed through that falling light green trendline (finally... only took 9 attempts!)....

ES Morning Update October 10th 2019

WOW! What a crazy afterhours session last night in the futures. Everything looked fine until about 6:15pm EST and then the bottom fell out...

ES Morning Update October 9th 2019

Well, we got the move down yesterday I was looking for, but it went deeper then I expected. And while it technically did bottom...

ES Morning Update October 8th 2019

This morning we see the futures down, which is what I suggested might happen in the chatroom yesterday. Basically it looks like we completed...

ES Morning Update October 7th 2019

Last Friday did pretty much what I was looking for as the bulls rallied up all day long. It had all the signs of...

ES Morning Update October 4th 2019

Yesterday we what appears to me to be a "capitulation" spike move down. It was quickly recovered and the market has been going up...

ES Morning Update October 3rd 2019

Well gang, we dropped right to that rising yellow trendline and stopped... for now at least. I'm showing you the 4 hour chart this...

ES Morning Update October 2nd 2019

Wow! What a day yesterday was. Here I was stuck short and hating it but around 10am that all changed as the market started...

ES Morning Update October 1st 2019

The futures are up some this morning but the overnight session had them up more... and they managed to pop through the 200 simple...

ES Morning Update September 30th 2019

Short post this morning gang. My brain isn't working yet... sorry. I was going to do a post over the weekend about the HUGE...

ES Morning Update September 27th 2019

The 298.38 FP was hit in the premarket session yesterday but by the time the market opened it was already down more then I...

ES Morning Update September 26th 2019

The "possible" FP of 298.38 from afterhours on Tuesday is now hit this premarket morning and will likely be hit shortly after the open...

ES Morning Update September 25th 2019

Yesterdays drop was a surprise but in this news driven market it seems that surprise drops happen a lot. The Trump impeachment news will...

ES Morning Update September 24th 2019

The futures are set to open over the 3000 level on the ES (and over 27,000 on the YM, aka... the DOW). I had...

ES Morning Update September 23rd 2019

Sunday night the market popped higher but this morning it erase all those gains, so I'm not sure what to think about it right...

ES Morning Update September 20th 2019

Yesterdays grind higher came late in the day after first fading back lower. The move up came extremely close to hitting a new all...

ES Morning Update September 19th 2019

The FOMC is now over and what I wild day it was after the minutes were released with wild swings up and down several...

Red's Daily Updates

ES Morning Update October 21st 2019

Friday surprised me with the drop down to 297 on the SPY but most of it was reversed by the close. Then this morning...

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