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Reds Daily Updates

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

ES Morning Update May 26th 2020

I hope everyone had a great holiday weekend. I know I got a lot done around the home so while my body is worn...

ES Morning Update May 22nd 2020

No clue in the futures this morning but some more medium term clues was a large put spread done on the SPY this Wednesday....

ES Morning Update May 21st 2020

The futures are down small this morning but I'm still leaning toward a final squeeze up to the FP on the SPY of 305.17...

ES Morning Update May 20th 2020

Yesterday we pulled back some and I noted in the chatroom that I think it's a small wave 4 down of some degree with...

ES Morning Update May 19th 2020

Big squeeze up yesterday but wasn't we all expecting some final wave 5 to take out the bears before we roll over again? Of...

ES Morning Update May 18th 2020

Still in a range it seems. Is this the wave 5 up I've been waiting for? If so then can it get to the...

ES Morning Update May 15th 2020

Yesterday we got a nice drop but there was some nice volume that came in at the low, which could mean the bottom is...

ES Morning Update May 14th 2020

Not looking good for the bulls here. Looks like a bear flag formed in the afterhours/premarket session... and it's inside a falling channel. If...

ES Morning Update May 13th 2020

I did a video last night and posted the link in the free chatroom and on twitter but it doesn't seem to work for...

ES Morning Update May 12th 2020

Yesterday I talked about a bounce up for a tiny B wave and C wave down afterwards. I thought we'd see it all on...

ES Morning Update May 11th 2020

Looking at this 15 minute chart of the ES Futures we see that it didn't quite reach the prior high of 2965 on 4/30...

ES Morning Update May 8th 2020

The SPX did not get up to the falling trendline yesterday (around 2906-07) and neither did the ES Futures reach its falling trendline, but...

ES Morning Update May 7th 2020

Up, down, up, down, just a fierce battle between the bulls and bears at the 50 yard line with no clear winner in sight....

ES Morning Update May 6th 2020

All was looking great yesterday as the market kept grinding higher and higher, but late in the day the bulls decided to take a...

ES Morning Update May 5th 2020

So far, so good. Yesterday in the chatroom I posted a chart of where I think we are and what to expect next. I...

ES Morning Update May 4th 2020

Over the weekend the futures were down a little more then currently here before the open. They ran into the 50 day and 20...

ES Morning Update May 1st 2020

Ok, as covered in the free chatroom yesterday I suspected that this move down would continue into today as traders were getting to...

ES Morning Update April 30th 2020

Yesterdays FOMC meeting didn't disappoint as it did indeed close green, and up nicely. It looked to me like it put a squeeze on...

ES Morning Update April 29th 2020

Today is Fed day, which in the past would have wild swings up and down right before the 2:30 pm EST meeting. Yesterday did...

ES Morning Update April 28th 2020

No "Turn around Tuesday" today it seems as the futures continue the rally higher. The market is going right into the FOMC meeting on...
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