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 November 17th 2017

We came within 7 cents of hitting the 259.11 FP yesterday on the SPY... pretty impressive.  Today we have the 60 minute futures chart...

ES Morning Update November 16th 2017

Yesterdays bearishness took the market down below the two prior lows in the 2560 area but wasn't enough to reach the next set of...

ES Morning Update November 15th 2017

The bears did indeed turn that MACD and Histogram bars back down yesterday and are continuing today.  On the 6 hour chart you'll see...

ES Morning Update November 14th 2017

This morning we are looking at the 6 hour chart of the ES Futures for clues.  As you can see its' MACD's are now...

ES Morning Update November 13th 2017

Looks like the bears are still in control this Monday morning.  The MACD's on the 60 minute chart hit the falling trendline and rolled...

ES Morning Update November 10th 2017

Quite a big move down we saw yesterday and I don't think it's finished.  I think this is the start of a serious correction. ...

ES Morning Update November 9th 2017

Looks the bulls finally took a breather as the bears are alive and active this morning.  Yesterday into the close I mentioned in the...

ES Morning Update November 8th 2017

Looks like we got the A down, B up and C down all in one day yesterday.  While I was expecting a slow move...

ES Morning Update November 7th 2017

Very close now to the 2600 level, hitting an afterhours high of 2593.50 before stopping and rolling over.  I looks like they are heading...

ES Morning Update November 6th 2017

Amazingly the futures are still riding that blue rising trendline this Monday morning after some brief dips below it over the last few days. ...

ES Morning Update November 3rd 2017

The futures this Friday morning are basically flat, just up one point right now.  Once again they are very overbought on their charts, now...

ES Morning Update November 2nd 2017

The futures are aligned up nicely this morning for a bullish day, but the SPX Cash Index looks ready to fall off a cliff. ...

ES Morning Update November 1st 2017

Another new all time high this morning in the futures.  The MACD's here on this 2 hour chart are heading up toward the falling...

ES Morning Update October 31st 2017

This morning we are going to look at the 6 hour chart and we can see that its' MACD's are weakening as they get...

ES Morning Update October 30th 2017

The futures this morning fell back slightly from being very overbought Friday and now have a bear flag pattern setup.  However, there's no negative...

ES Morning Update October 27th 2017

This morning we are going to look at the 2 hour chart and as you can see the bulls did not do the smart...

ES Morning Update October 26th 2017

Surprisingly the bear flag played out yesterday and now we have a small bull flag on this 6 hour chart that is trying to...

ES Morning Update October 25th 2017

Bulls are fighting really hard here to keep this down move limited. All they need is another day probably of sideways action to reset...

ES Morning Update October 24th 2017

We had a decent little pullback yesterday and along with the one last week we are clearly showing signs now that the bulls are...

ES Morning Update October 23rd 2017

Another week has gone by and almost another month too.  Hard too believe how fast time flies.  Anyway, not much to say this Monday...

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ES Morning Update November 22nd 2017

Nothing much to say today gang.  Futures got very overbought yesterday and today they will likely trade sideways to work it off.  It's the...

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