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 July 16th 2019

The futures are about flat this morning. The market looks tired here as everyone is turning bullish now it seems. Everywhere I look people...

ES Morning Update July 15th 2019

The futures are up a little bit this morning but they are looking tired. However, there's still likely more upside coming before any decent...

ES Morning Update July 12th 2019

The DOW finally broke through the 27,000 level and the ES is back over 3000 again. The SPX cash pierced through it too but...

ES Morning Update July 11th 2019

Very exciting day yesterday as the market squeezes the crap out the bears and then retraces back down half the move up. The swings...

ES Morning Update July 10th 2019

I was a little surprised yesterday when the market broke upward through that falling trendline of resistance as I kinda thought that would happen...

ES Morning Update July 9th 2019

Ok, tough call about what wave count we are in right now. The 5th wave up (Called "Micro" according to Tony Caldaro's group) has...

ES Morning Update July 8th 2019

I have to do so things this morning so I'm writing this daily update early as I won't likely make it back by the...

ES Morning Update July 5th 2019

Hope everyone had a great holiday yesterday. Today I expect light volume as many traders will likely be taking today off as well. The...

ES Morning Update July 3rd 2019

The futures are set to open slight up this morning. Don't forget that it's half day today due to the market being closed tomorrow...

ES Morning Update July 2nd 2019

Exciting day yesterday... for the bears I mean. That opening pop that got faded all day long and didn't turn back up until around...

ES Morning Update July 1st 2019

I was looking at going long last Friday at the close when the market was drifting down slowly into 3:30 pm, and then BAM,...

ES Morning Update June 28th 2019

Well, the futures are up small this morning. I really was thinking this move up would have finished yesterday and we'd be down this...

ES Morning Update June 27th 2019

In yesterdays update I suggested that we ended a large A wave down and started a larger B wave up, that I would consider...

ES Morning Update June 26th 2019

We finally got around move down yesterday and since it closed near the lows I decided to close out my short and go to...

ES Morning Update June 25th 2019

While the SPX and DOW went mostly sideways all day yesterday the Russell was quite weak and dropped nicely. Is it foretelling us what's...

ES Morning Update June 24th 2019

Futures are up a little this morning but not much, especially when compared to all the big gap up opens and runs from last...

ES Morning Update June 21st 2019

Everyone keep in mind that the SPY went ex-dividend today so it's lower by that amount (usually a little over a point) to adjust...

ES Morning Update June 20th 2019

Bulls are on a stampede again this morning and are within striking distance of the all time highs on some indexes but have already...

ES Morning Update June 19th 2019

Yesterdays strong rally up was just the bears needed to shake out the weak shorts and convert them into bulls. By the end of...

ES Morning Update June 18th 2019

Finally... the bulls are breaking out! Too much time sideways has to produce a powerful move in one direction or the other and with...

Red's Daily Updates

ES Morning Update July 19th 2019

Yesterdays passport code was a dud it seems as nothing much happened. I'm not expecting much today either. The bottom for that 2 day...

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