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 June 23ed 2017

Not much to add this morning.  The futures are still chopping in a tight range.  The C wave down hasn't happened yet and may...

ES Morning Update June 22nd 2017

Charts a mixed this morning with no clear edge for what direction the market will go today.  But just based on the last two...

ES Morning Update June 19th 2017

Good Monday Morning to everyone.  Last week on Tuesday I got attacked with Gout in my right knee and couldn't walk.  So doing morning...

ES Morning Update June 14th 2017

It's still looking bullish on the 6 hour MACD's and this 60 minute MACD has hit +2.5, turned down and now pointing back up...

ES Morning Update June 13th 2017

The futures are still trading in the triangle range mentioned on yesterday's update.  The MACD's on this 60 minute chart are overbought but the...

ES Morning Update June 12th 2017

Charts look mixed this Monday morning between the SPX Cash Index and the ES Futures.  The futures look oversold and appear to be trying...

ES Morning Update June 9th 2017

No matter how hard the bears try the bulls just won't give them an inch.  This morning we see the ES Futures up small...

ES Morning Update June 7th 2017

Not much to add today that wasn't spoke of yesterday.  The market is clearly waiting on the testimony of Comey and various other important...

ES Morning Update June 6th 2017

The ES Futures finally sold off a little afterhours and premarket this morning. And they went right to the green rising trendline and pierced...

ES Morning Update June 5th 2017

Looks like the futures are forming another bull flag this Monday morning.  The MACD's on this 60 minute chart have dropped from +5 to...

ES Morning Update June 2nd 2017

The cup and handle pattern played out yesterday and cleaned the bears out that were short from that sideways trading range of a week...

ES Morning Update June 1st 2017

Finally, we saw a small pullback yesterday after I "just about" threw in the towel on it.  But, it all reversed back up into...

ES Morning Update May 31st 2017

Still no pullback yet, and instead we've rallied up some this morning.  Looks like the bulls where forced to move up or they would...

ES Morning Update May 30th 2017

I hope everyone enjoyed their long weekend as it's now time to get back to trading... hopefully that is!  This week we should see...

ES Morning Update May 26th 2017

Looks like the Russell and the DOW are the only one's left that haven't made a new all time high.  If they manage to...

ES Morning Update May 25th 2017

Well, so much for the pullback. Up again afterhours and premarket in the ES Futures. We have hit the 2410-2415 area where it should...

ES Morning Update May 24th 2017

Not much to add that wasn't said yesterday or Monday.  I'm still looking for a small pullback before ripping through 2400 but it's certainly...

ES Morning Update May 23rd 2017

The grid up continues it seems.  I was really looking for a small pullback to maybe the 2380 area again, and then a rip...

ES Morning Update May 22nd 2017

Well, I'd love to tell all the bears out there that we are going to top out Monday or Tuesday and tank into a...

ES Morning Update May 19th 2017

The picture is getting a little clearer now on what "I think" SkyNet is going to do.  In the past when we saw a...

Red's Daily Updates

ES Morning Update June 28th 2017

The bulls couldn't hold on yesterday to the green rising trendline and fell through it in what looked like a C wave down.  I...

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