ES Morning Update October 12th 2018

Looks like we bottomed yesterday for the first series of waves down as the futures are bouncing back nicely this morning. Overall it's still...

ES Morning Update October 11th 2018

WOW! When I said yesterday the bulls were running out of time I had no idea we'd fall off a cliff. Yeah, I was...

ES Morning Update October 10th 2018

Every day that goes by weakens the bulls bounce chances, and today might just be the last chance for a decent bounce from them....

ES Morning Update October 9th 2018

Yesterdays "Columbus Day" holiday certainly wasn't one for the bears as they pounded the bulls right from the open. But late in the day...

ES Morning Update October 8th 2018

The futures are down a little this morning, which is a surprise to me as I kinda thought we'd see some short squeeze happen...

ES Morning Update October 5th 2018

WOW! What a fantastic start for bears yesterday. The sell off ended around 2pm EST Thursday and the first bounce back up started. I...

ES Morning Update October 4th 2018

Yesterday around 2:20 pm EST the government did a FEMA test, which had me worried as every time FEMA is around a False Flag...

ES Morning Update October 3rd 2018

Stuck in a triangle... at least that's where the SPY was yesterday and appears to still be in this morning (or breaking out a...

ES Morning Update October 2nd 2018

Yesterday was the first sign of weakness I've seen in awhile. But if you wasn't watching the tape all day and only seen the...

ES Morning Update October 1st 2018

The futures are up this morning nicely over 14 points I write this morning update. This should be the final 5th wave up to...

ES Morning Update September 28th 2018

This morning I want to look that the SPY 2 hour chart, which suggests a rally is coming soon. The MACD's are around the...

ES Morning Update September 27th 2018

The FOMC meeting yesterday did produce some wild swings, but in the end sold off into the close... very unusual. Today we see the...

ES Morning Update September 26th 2018

Today we'll look as the SPY chart for clues, which too me suggest a pop higher is coming at some point soon. When you...

ES Morning Update September 25th 2018

Today I want to look at the ES daily chart flipped upside down. You can see right off the bat how the futures have...

ES Morning Update September 24th 2018

This week we have an FOMC meeting on Wednesday, which could keep the market in float mode with a downward bias until it's over...

ES Morning Update September 21st 2018

The long awaited FP from 2/27 was hit yesterday so if it's going to work we should start down from here. Slowly at first...

ES Morning Update September 20th 2018

Slowly but surely the market is continuing to grind higher up toward that FP from 2/27 of this year. At this rate we could...

ES Morning Update September 19th 2018

The futures look weak today so I would not expect the breakout to happen by the close but instead I think it needs more...

ES Morning Update September 18th 2018

Yesterday showed the first signs of weakness as Amazon dropped sharply and several other tech stocks. But the SPY held on strong the first...

ES Morning Update September 17th 2018

Good Monday morning to everyone. I hope that it was a great weekend for you as summer gives way to fall where temperatures are...

Red's Daily Updates

ES Morning Update October 17th 2018

This morning we see the futures backing down some from a very large rally up yesterday. The key today will be whether or not...

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