ES Morning Update December 6th 2018

It's seems that what I wrote yesterday (below) started to happen in the afterhours so I'll just add some additional thoughts this morning. Short...

ES Morning Update December 4th 2018

CORRECTION: Yesterday's post for December 3rd was titled improperly for December 1st, 2018. This morning we see the futures down a little as try to...

ES Morning Update December 1st 2018

The futures are up big this morning as they celebrate the trade tariffs deal getting put on ice for 90 days. As you can...

ES Morning Update November 30th 2018

Yesterday worked out perfectly to match up with 10/02/1987. Today needs a similar close but we need to be green instead of red. That...

ES Morning Update November 29th 2018

Ok, the bulls put a whipping on the bears yesterday with a huge squeeze up. While I was expecting some light volume float higher...

ES Morning Update November 28th 2018

Tomorrow, the last 11/11/11 date will likely pan out to be a dud. It has very low odds of a crash but we could...

ES Morning Update November 27th 2018

Afterhours and premarket there was some nice swings down and up and down again as market digests the tariff news put out after the...

ES Morning Update November 26th 2018

The market is in rally mode this morning. I guess the low last week was close enough to the October 29th low to call...

ES Morning Update November 23rd 2018

I hope everyone had a great Thanksgiving. I ate too much (as usual) and went to be earlier as the food was like a...

ES Morning Update November 21st 2018

Looks like it's time for a pause day as the bears easy up and allow the bulls to rally some this morning. There is...

ES Morning Update November 20th 2018

Well, another down day starting off this morning. We had an intraday FP on the SPY yesterday showing 266.75 but we are already lower...

ES Morning Update November 19th 2018

Welcome to Thanksgiving week where volume normally dries up and the market floats up... but will it? We see the futures down small this...

ES Morning Update November 16th 2018

Finally... the bulls stepped up to the plate and rallied up to a nice green close yesterday. But can they do again today is...

ES Morning Update November 15th 2018

This 6 hour chart of the ES Futures appears to be turning back up, or at least it's trying to turn back up. That...

ES Morning Update November 14th 2018

Well yesterday was uneventful as the market choppy all day but in the end dropped into the red a little. Today is looking a...

ES Morning Update November 13th 2018

What a surprise! A large down day on a holiday. Strangely I've seen that act before, but predicting in advance isn't easy. The good...

ES Morning Update November 12th 2018

The first 11/11/11 date has past now with nothing happening. The only one left is this coming November 29th, 2018... which might be a...

ES Morning Update November 9th 2018

Not much to add today that hasn't been said already. I'm still expecting a top by next Monday or Tuesday. Where it tops out...

ES Morning Update November 8th 2018

Well, the bulls put on a stellar rally yesterday in relief that the midterms are over with. It's back to original target zone of...

ES Morning Update November 7th 2018

The futures are up this morning as the rally up from the 10/26 low continues. The midterm elections turned out like everyone forecasted with...

Red's Daily Updates

ES Morning Update December 11th 2018

Ok gang, looks like the market is indeed going to make that left side of the "A" of an "M A" pattern. I discussed...

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