ES Morning Update February 15th 2018

Nice move up again this morning I see. It's now acting like a wave 3 to me, so if we can pullback small around...

ES Morning Update February 14th 2018

Yesterday I didn't make a post as I was working on my computer, but nothing much happened anyway so no big deal. This morning...

ES Morning Update February 12th 2018

The futures are up nicely this morning as the positive divergence has finally taken effect. We saw a double bottom last Friday and a...

ES Morning Update February 9th 2018

Well gang, the wave count I had previously went out the window with the lower low made on the SPX/SPY and Nasdaq/QQQ, while the...

ES Morning Update February 8th 2018

Before the close yesterday we saw a large and quick drop to hit the fallen green trendline, which now the futures have bounced from...

ES Morning Update February 7th 2018

Looks like there's some fighting action going on now around this zone between the bulls and the bears. Yesterday I added another chart later...

ES Morning Update February 6th 2018

WOW! Not sure there's much more I can say then that! The market basically flash crashed the last few days with yesterday being the...

ES Morning Update February 5th 2018

What a crazy week we just had. With DOW crashing down 666 points on Friday one has to wonder if that's a signal to...

DOW down almost 666 points… does that ring a bell?

Reminds me of March 6th, 2009 when the SPX hit a low of 666...

ES Morning Update February 2nd 2018

The futures have fallen again as the bears won't let the bulls breathe. I have to say it's been really hard trying to figure...

ES Morning Update February 1st 2018

The bulls sure seem to be having a hard time getting going back up again as the futures were up around 10 points last...

ES Morning Update January 31st 2018

The bears sure slapped the bulls hard yesterday. I really wasn't expecting that big of a drop. I did think we'd dip below the...

ES Morning Update January 30th 2018

Well, the bears chose to take it down yesterday, which with today's gap down is a pretty good move in total. But I fear...

ES Morning Update January 29th 2018

Finally seeing a little weakness this Monday morning but it's coming from a high that's far above support, so while this might look impressive...

ES Morning Update January 26th 2018

Looks like another rally this morning to open up the normal trading seession.  Will it hold or fold is the question?  It looks like...

ES Morning Update January 25th 2018

Well, the bulls finally lost the rising green trendline of support.  But the sideways action from the 22nd this week has only formed a...

ES Morning Update January 24th 2018

Well... it shouldn't be any surprise to anyone when I say the market is up again this morning. I've never seen a market that...

ES Morning Update January 23rd 2018

We've hit a high afterhours of 2842 on the ES Futures, which is in a range that many people see as resistance.  It's possible...

ES Morning Update January 22nd 2018

Short update this morning.  Looking at the 6 hour MACD's this morning on the ES Futures it's fallen down to a level where it...

ES Morning Update January 19th 2018

The futures are basically flat this morning and they are outside my rising green trendline of support.  It could be a little tight on...

Red's Daily Updates

ES Morning Update February 20th 2018

Good morning everyone. Hope you all enjoyed the long 3 day weekend. I think I did more work during it then during the normal...

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