Reds Daily Updates

Reds Daily Updates

These posts are Red's daily forecast for the short term direction of the stock market.

ES Morning Update May 15th 2019

Yesterday in the chatroom we talked about a possible FP being the upside target and I kinda thought the market might fool the bears...

ES Morning Update May 14th 2019

Yesterdays selloff was a nasty one. Certainly acted like a wave 3 down of some degree. This morning we have the futures up some,...

ES Morning Update May 13th 2019

The market certainly looks ugly this morning. First was the gap down Sunday night to the 2860 area, which was a nice backtest of...

ES Morning Update May 10th 2019

It's funny how everything in life is the opposite of what makes sense. Like if you were to climb a snow covered mountain you...

ES Morning Update May 9th 2019

Yesterday we got our choppy day with close around flat. This morning we see the futures went down more afterhours but have bounced back...

ES Morning Update May 8th 2019

Well, another Mini Flash Crash yesterday I guess as the ES Futures dropped from the Monday close of 2938 to 2862, which is 76...

ES Morning Update May 7th 2019

Yesterdays drop screwed up the big drop expected for today as now too many others are super bearish I believe. It's like Trump knew...

ES Morning Update May 6th 2019

Sunday evening the futures gap down and this morning we see them barely up off of that low. Looks like clear signs of a...

ES Morning Update May 3rd 2019

The last two days produced a decent little pullback in the market and it looks like a clean ABC wave 4 down to me....

ES Morning Update May 2nd 2019

Looks like the market didn't like what the Fed had to say at yesterdays FOMC meeting as it sold off going into the close....

ES Morning Update May 1st 2019

Sleepy time is here... at least up until 2pm today when the FOMC is over with. From that point on is just a guess....

ES Morning Update April 30th 2019

It's hard to believe that we are now one third of the way done with 2019 as time just flies so quickly it seems....

ES Morning Update April 29th 2019

Oh what a beautiful morning it is here in southern Ohio where I live. But the pollen count must be high as my allergies...

ES Morning Update April 26th 2019

Well, looks like another flat open with the futures barely up. Yesterdays open was hit with more selling by the insiders it seems. We...

ES Morning Update April 25th 2019

Looks like another day of nothing to me, with no clear direction for the bulls or bears. But, we have the FP on Apple...

ES Morning Update April 24th 2019

Yesterday the bulls put another hurting on the bears as they squeezed them up all morning long and went sideways the rest of the...

ES Morning Update April 23rd 2019

Another day of a flat looking open it seems. The more time that passes by the bigger the expected move to follow I believe....

ES Morning Update April 22nd 2019

I hope everyone had a great Easter holiday as we celebrated Christ rising from his tomb. For me, I ate too much food and...

ES Morning Update April 18th 2019

Finally... a pullback! Yesterdays pop and drop was a decent enough move for me to now believe a pullback is starting. Call it the...

ES Morning Update April 17th 2019

Not much to say this morning that hasn't already been said. It's the same today as yesterday it appears. More grinding up. It looks...

Red's Daily Updates

ES Morning Update May 20th 2019

The futures were up on Sunday night as they were trying to hold the rising channel in blue, but this morning they broke down...

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