ES Morning Update February 15th 2019

Yesterdays pullback was small but might have been enough to complete a tiny wave 4 down and allow a tiny wave 5 up to...

ES Morning Update February 14th 2019

Ok,the best I can tell the smaller wave 3 up end yesterday at the high and we are in the smaller wave 4 down...

ES Morning Update February 13th 2019

Ok gang, yesterday produced a nice move up, which others label as a wave 3 inside a Minute Wave 5 up. This morning we...

ES Morning Update February 12th 2019

The futures are up nicely this morning in what appears to be part of a 5th wave, which should end the rally up from...

ES Morning Update February 11th 2019

Last week I was expecting a bottom to form from the Tuesday high down into the Friday low. I thought we might have bottomed...

ES Morning Update February 8th 2019

Yesterday was a nice start for the coming down turn in the market but I don't think the bulls are done just yet. I...

ES Morning Update February 7th 2019

Yesterday we saw a lot of ups and downs several times through out the day, which tricked me out of my tiny short position...

ES Morning Update February 6th 2019

Looking at the SPY daily chart we can clearly see that we've now went up to the 200 day moving average. We're not quite...

ES Morning Update February 5th 2019

The bulls continue to grind higher inch by inch as the bears wait patiently for them to tire out. I myself am not doing...

ES Morning Update February 2nd 2019

Futures are as flat as a pancake this morning with little clues as to the direction today. So I'll have to just remain without...

ES Morning Update February 1st 2019

Nothing new to add today that hasn't already been covered. We are waiting on this bull to tire out and stop. The grind looks...

ES Morning Update January 31st 2019

Looks like the bulls finally decided to breakout. The FOMC meeting was just the excuse they needed it appears. There's still some very tough...

ES Morning Update January 30th 2019

Yesterday's move up screwed that nice setup where we'd rally today decently to strongly for another wave 2 up or 5th wave up. Now...

ES Morning Update January 29th 2019

So far it's looking like Scenario number 3 is playing out (referring yesterdays post)... aka, "The Meat Grinder". However, there's one very important part...

ES Morning Update January 28th 2019

I hope everyone had a great weekend. For me it was a little boring as it's still cold outside and there wasn't much to...

ES Morning Update January 25th 2019

The futures are up decently this morning after doing mostly chop yesterday. The bulls did a great job of holding on yesterday and not...

ES Morning Update January 24th 2019

Ok, the market appears to be in some kind of tiny wave 4 down. It's a choppy one with bounces up and down to...

ES Morning Update January 23rd 2019

I'm feeling a whole lot better today gang as yesterday I was quite sick and didn't do a morning update post. My runny nose...

ES Morning Update January 18th 2019

The futures are up again this morning after a late day pop and drop yesterday occurred on some fake news report (put out to...

ES Morning Update January 17th 2019

The bulls did a good job yesterday of grinding up higher throughout the day and still closed green even though they gave back some...

Red's Daily Updates

ES Morning Update February 21st 2019

Over night the SPY popped higher to 279.63 to hit and pierce the FP, but the futures are now back down below it now....

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