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 September 17th 2018

Good Monday morning to everyone. I hope that it was a great weekend for you as summer gives way to fall where temperatures are...

ES Morning Update September 14th 2018

I did not take a short yesterday as noted in the chatroom. This morning we see futures up slightly and are basically at a...

ES Morning Update September 13th 2018

Looking at the futures this morning it's looking like they are making another run up for a double top, which appears to be a...

ES Morning Update September 12th 2018

Nine years ago today I started this blog. It's hard to believe I'm still doing it. Back then using disqus for you comments was...

ES Morning Update September 11th 2018

Yesterday I talked about the morning open being some kind of wave 1 up from the Friday low and that it should backtest the...

ES Morning Update September 10th 2018

Happy Monday to everyone. Looks like an exciting week is in front us now as the futures are up some and out of that...

ES Morning Update September 7th 2018

Looks like the futures are dropping a little more this morning. This is a very controlled descend in a nice falling channel. This doesn't...

ES Morning Update September 6th 2018

Yesterday gave us a small bounce in the morning but it never held and dropped right afterwards to an early low that was followed...

ES Morning Update September 5th 2018

As expected the bulls decided to rest a little yesterday to work off some overbought charts. This morning we are down a little more...

ES Morning Update September 4th 2018

Hope everyone enjoyed the 3 day weekend and worked twice as hard on Labor Day... after all it's supposed too be a day of...

ES Morning Update August 31st 2018

Well, we finally got the pullback for the wave 4 near the close yesterday. Today it's down a little more in the premarket as...

ES Morning Update August 30th 2018

Looks another light volume day is upon us and it should be even lighter on Friday. Today I don't expect much more action then...

ES Morning Update August 29th 2018

Nothing much has changed since yesterdays post, except that the MACD on this 2 hour chart has fallen from about +8 down to the...

ES Morning Update August 28th 2018

So far so good. The futures are up small this morning and if they pullback any today should be the day. But again, I'm...

ES Morning Update August 27th 2018

Here we go again gang... another rally at the open. I should have put two and two together and figured out that the FP...

ES Morning Update August 24th 2018

Yesterday one of the members of my free chatroom found another FP (fake print) showing a drop this time of 5.28% while the other...

ES Morning Update August 23rd 2018

Yesterday gave us the move up and a small move down. Today looks like up again but I don't think it will be much....

ES Morning Update August 22nd 2018

Yesterday the market made a new all time high, but late in the day rolled over and sold off a large amount of those...

ES Morning Update August 20th 2018

This morning we see the futures up a little in the premarket session. Looking at the 6 hour chart of the ES it's still...

ES Morning Update August 17th 2018

Yesterday I spoke of a FP on the VIX and another "possible" one on the SPY. After the market closed yesterday that "possible" FP...

Red's Daily Updates

ES Morning Update September 20th 2018

Slowly but surely the market is continuing to grind higher up toward that FP from 2/27 of this year. At this rate we could...

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