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 December 3rd 2019

Finally, the market breaks down. Of course I missed it. But that's exactly how SkyNet works. It makes sure the majority of traders miss...

ES Morning Update December 2nd 2019

Welcome to December. Last night the futures were almost 10 points but now they are around flat. But they are still holding the rising...

ES Morning Update November 29th 2019

I hope everyone had a great Thanksgiving and your belly didn't explode from overeating yesterday. I know I gained 2-3 pound but the food...

ES Morning Update November 27th 2019

Not much to say today. It should be a slow one since it's the day before Thanksgiving. I'm more interested in how it closes......

ES Morning Update November 26th 2019

Well, we finally saw the breakout on IWM yesterday as it ripped up much higher on a percentage basis compared to the rest of...

ES Morning Update November 25th 2019

The futures are up some this morning after gaping over a falling green trendline this weekend. They have been riding a yellow rising trendling...

ES Morning Update November 22nd 2019

Looking at this 60 minute chart of the ES Futures this morning it's starting to look like a bear flag pattern to me, which...

ES Morning Update November 21st 2019

On this 4 hour chart of the ES it looks like yesterdays drop was just a blip when compared to the rally up from...

ES Morning Update November 20th 2019

Still riding the moving averages up in a stair step method upward, and I still think this will continue into Thanksgiving before topping out....

ES Morning Update November 19th 2019

Yesterday just shortly before the close my website went down. I sent in a support ticket to my hosting company but as of right...

ES Morning Update November 18th 2019

The futures are up small this morning as the churn and grind higher continues. There's no sell signals in sight right now but we...

ES Morning Update November 15th 2019

I'll keep today's update short gang as there's not much to add. The market continues to grind higher a little each day. Futures are...

ES Morning Update November 14th 2019

Not looking good for any pullback this week. There was a breakdown yesterday intraday but it was short lived.  It's pretty obvious the market...

ES Morning Update November 13th 2019

Interesting day yesterday as the market decided to rip higher the first hour and then gave it all back by the close. The SPX/ES...

ES Morning Update November 12th 2019

Looks like today is going to start off as a mostly flat day from the current look of the futures. This market is just...

ES Morning Update November 11th 2019

The futures are down some this morning and appear to be out of the rising wedge by just a hair, but one could argue...

ES Morning Update November 8th 2019

Looks like a another boring day as the futures ride the rising trendline this morning before the open. As long as it holds I...

ES Morning Update November 7th 2019

Well, the market broke-out again to the upside and is now well past the FP on the DIA. I just it was only a...

ES Morning Update November 6th 2019

The futures this morning are about flat, and yesterday was pretty flat and boring too, with a slight move down overall, but nothing to...

ES Morning Update November 5th 2019

Yesterday the DIA did hit its FP (275.17) and this morning it might be up a little bit higher as the futures are up...

Red's Daily Updates

ES Morning Update December 6th 2019

Yesterday was indeed a "pause" day as the markets mostly went sideways all day long. This morning we see the premarkets rallying up some,...

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