ES Morning Update October 11th 2017

Another day of the same... just waiting on the Fed it seems.  I think we are super close to a top and few nice...

ES Morning Update October 10th 2017

Futures this morning are up slightly but still act like they are waiting on the FOMC minutes tomorrow.  We might see another squeeze higher...

ES Morning Update October 9th 2017

I'm not expecting much today as it's Columbus day here in America so while the stock market is open I'd think we'll still have...

ES Morning Update October 6th 2017

Ok, from the looks of the charts we should get our first small pullback today.  Both the 6 hour chart and 2 hour chart...

ES Morning Update October 5th 2017

Not much to add from yesterdays' post and the day before that and the before that and etc...   The futures are still climbing a...

ES Morning Update October 4th 2017

This morning we finally see the futures pulling back just a little, but I wouldn't expect too much downside today as the MACD's are...

ES Morning Update October 3rd 2017

Yesterday I thought we would chop sideways to slightly down with that premarket high holding but the bulls didn't listen to me and took...

ES Morning Update October 2nd 2017

The bulls are still charging this Monday morning, but not by much.  This 60 minute chart suggests they will pause here and drift down...

ES Morning Update September 29th 2017

I've drawn two rising blue trendlines as the futures seem to be in a rising channel now. Yesterdays' lower high suggests it might have...

ES Morning Update September 28th 2017

Today we'll look back again at the 6 hour chart and we see now that the MACD's did turn up as expected and are...

ES Morning Update September 27th 2017

Looks like the bulls are running this morning, but will they put in a new all time high again, or fall short with just...

ES Morning Update September 26th 2017

This morning we are going to look at the 6 hour chart where we see a nice turn back up forming.  I've drawn a...

ES Morning Update September 25th 2017

Good Monday Morning to everyone.  The futures are down mildly this premarket but still at horizontal support, which seems unlikely to break without some...

ES Morning Update September 22nd 2017

Ok gang I want to look at the 6 hour chart again as it seems to paint a better picture of the coming "next...

ES Morning Update September 21st 2017

Yesterday the FOMC meeting produced a small pullback but it basically just tagged the lower rising trendline of the rising wedge the futures are...

ES Morning Update September 20th 2017

Again gang, nothing to add that hasn't already been said. The market is waiting on the FOMC meeting today at 2 pm EST to...

ES Morning Update September 19th 2017

Nothing new to add today as we are still dancing around 2500 and will probably continue to do so until the FOMC meeting is...

ES Morning Update September 18th 2017

Good Monday morning to everyone.  The SPX finally hit 2500 on the SPX so we got that out of the way... but what's next? ...

ES Morning Update September 15th 2017

Not much change since yesterday.  The bulls are holding the market sideways as the MACD on this 6 hour chart drift lower, which is...

ES Morning Update September 14th 2017

Today we'll look at the 6 hour chart as it shows clearly how overbought the market is up at this level.  We can see...

Red's Daily Updates

ES Morning Update October 16th 2017

Looking at the 6 hour chart this morning its' looking bullish to me.  The MACD is about to cross back up positive after flat-lining...

Recent Posts