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 22nd 2018

  Yesterday I was thinking about shorting at the close but decided not to as it just felt that the market wasn't ready to rollover...

ES Morning Update May 21st 2018

NOTE:  I'm unable to write my notes on the chart this morning as for some strange reason Jing keeps crashing and that's the software...

ES Morning Update May 18th 2018

  Charts are looking pretty bearish this morning on the short term, which is bullish for the medium term... as in next week. If you're...

ES Morning Update May 17th 2018

  Looking at the charts this morning I think we had a wave 4 down on Tuesday, then started the wave 5 up yesterday. Wave...

ES Morning Update May 16th 2018

  Looks like a flat open here this morning. I added a new falling trendline in orange and that's where the overnight move up stopped...

ES Morning Update May 15th 2018

  Yesterday was a boring day overall as not much action happened in the market. With summer time around the corner we could see several...

ES Morning Update May 14th 2018

  I hope everyone had a great weekend and enjoyed time with your mother for "Mothers Day". I don't expect much action this week in...

ES Morning Update May 11th 2018

  Yesterday the bulls did indeed make it up to that 2720 area and of course pushed through the many trendlines intersecting that area. But...

ES Morning Update May 10th 2018

  The market keeps on grinding up this morning in what should be a 5th wave. And unless some news comes out to scare it...

ES Morning Update May 9th 2018

  This mornings' move up certainly looks like a 5th wave to me, so at some point today I'd think this rally up will end...

ES Morning Update May 8th 2018

  Ok, yesterday looks to have ended the wave 3 up and this mornings' low could be the wave 4 down... leaving wave 5 up...

ES Morning Update May 7th 2018

  Another strong move up on Friday that surprised most I'm sure. For today I'd expect a continuation of that move up into the 2681-2700...

ES Morning Update May 4th 2018

  WOW is all I can say about yesterday. Another huge drop and even bigger recovery back up. A very wild and crazy day indeed....

ES Morning Update May 3rd 2018

Well, yesterday sure did trick me. The fast up move and then the tank into the close was not expected. Everyone is bearish now...

ES Morning Update May 2nd 2018

  Today is the FOMC day so I don't expect much action until after it's over with, which is around 2pm EST. That ramp up...

ES Morning Update May 1st 2018

  Well, yesterdays' move up was expected but not how short it lasted. And I was thinking it would go up higher, like within 5...

ES Morning Update April 30th 2018

  The ES Futures are up a little this morning after a tight sideways trading range on the Friday. Since today is the last day...

ES Morning Update April 27th 2018

Yesterday turned out to be a fairly strong bullish day but today might just be a "pin" day where the market makers keep the...

ES Morning Update April 26th 2018

Yesterday the bears were still in control the first two thirds of the day but later one the bulls finally broke out and started...

ES Morning Update April 25th 2018

Quite a drop we had yesterday. It was exactly what I was looking for but went deeper then I expected. In the end though...

Red's Daily Updates

ES Morning Update May 25th 2018

  Not much to add this morning that hasn't already been covered this week. I see bullish pattern but bearish wave counts, and not much...

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