ES Morning Update August 15th 2017

Looks we got a little more follow-through on the upside this morning, which didn't surprise me considering the strong move up yesterday.  Plus, while...

ES Morning Update August 14th 2017

Good Monday morning to everyone.  The bulls are back and bears in trouble, at least that's the way it's starting off this morning.  We...

ES Morning Update August 11th 2017

Well, so much for the ABC pattern up for the wave 2 as clearly that ended on Wednesdays' close.  The move down yesterday sure...

ES Morning Update August 10th 2017

Yesterday was of course a pause day as the market got short term oversold from the tricky move down on Tuesday.  Now this morning...

ES Morning Update August 9th 2017

Yesterday I suggested that the MACD's on the 60 minute chart of the SPX cash would turn back up probably on Wednesday or Thursday...

ES Morning Update August 8th 2017

The 60 minute (longer term) MACD on the SPX cash did curl back up just a hair at the close yesterday.  Now the two...

ES Morning Update August 7th 2017

Good Monday morning to everyone.  Not much to say this morning as the 60 minute charts shows no clear direction and the 6 hour...

ES Morning Update August 4th 2017

Yesterday at the close when they dropped the market I had a gut feeling that was the signal that the NFP Report (non-farm payroll,...

ES Morning Update August 3rd 2017

The market finally broke-down yesterday losing the red rising trendline of support.  Of course it rallied back hard as the bulls never seems to...

ES Morning Update August 2nd 2017

Not much more to add that hasn't already been said.  The futures still look too me like they are in a B wave up...

ES Morning Update August 1st 2017

Yesterday into the close I posted a chart on the SPY in the chatroom that showed a smaller and larger triangle.  It rallied up...

ES Morning Update July 31st 2017

Another month is almost here as we leave July today and enter August tomorrow.  We all know that mid-to-late August is a rough time...

ES Morning Update July 28th 2017

Finally... we got a nice move down.  Of course it took most everyone by surprise (including me), but it was way overdue and much...

ES Morning Update July 27th 2017

Man, this market is really running on fume!  Correction... it's out of fuel and just gliding!  Various charts I look at, from the SPX...

ES Morning Update July 26th 2017

Still grinding higher a little each day it seems.  Today is the FOMC day so we might see some action after the minutes but...

ES Morning Update July 25th 2017

Nice turn back up afterhours and premarket.  We knew it was coming from the look of the 6 hour MACD, but I kinda wasn't...

ES Morning Update July 24th 2017

Good Monday morning everyone.  The 60 minute chart here of the ES Futures is looking oversold and acting like it wants to go up. ...

ES Morning Update July 21st 2017

A whole lot of nothing yesterday, at least by the close.  There was a slight pullback in the morning but it got bought up...

ES Morning Update July 20th 2017

So far we've had a high overnight/premarket of 2476.25 and seem to be backing down a little from it this morning.  I've mentioned in...

ES Morning Update July 19th 2017

This morning the bulls are at the goal line again and looking like they are going to score.  But the charts disagree as this...

Red's Daily Updates

ES Morning Update August 18th 2017

Ok gang, we finally got our C wave down it seems.  I was hoping for a little higher but didn't get it.  Today I...

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