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 January 15th 2019

Not a lot to add that hasn't already been said. The market is now going on day 5 of a tight sideways trading range....

ES Morning Update January 14th 2019

The futures are down a little this morning, which in the old days a drop of 20 points was a mini crash, but today...

ES Morning Update January 11th 2019

Yesterday the bulls did a great job of chopping sideways to slightly up after pulling back at the open first. They are carving out...

ES Morning Update January 10th 2019

This small red showing in the premarket is the first sign of weakness in awhile. On a wave count I'd guess it's a tiny...

ES Morning Update January 9th 2019

The market is looking very tired right now and the futures are trapped at a point of resistance. I'm still rooting for a gap...

ES Morning Update January 8th 2019

Yesterday after the bell there's a new (possible) FP that showed up on the SPY. It's pointing to 245.29, so once the market tops...

ES Morning Update January 7th 2019

Charts are pretty mixed today and I don't see any clear direction. I do think we'll get a nice setup at some point this...

ES Morning Update January 4th 2019

  Not much to add that wasn't said previously either in the morning post or in the free chatroom throughout the day. The bulls and...

ES Morning Update January 3rd 2019

So far so good for the bears at least. The market took the bearish path yesterday by not taking out last Fridays high and...

ES Morning Update January 2nd 2019

This coming Wednesday to Friday I expect another pullback to happen (so far, so good as the futures are down nicely this morning) but...

ES Morning Update December 31st 2018

Today is the last day of 2018 and I'm not expecting much action in the market. A pin around the 2500 SPX area seems...

ES Morning Update December 24th 2018

Markets oversold everywhere and I'm expecting another big drop... aka, the crash wave. Yeah, it's crazy to even think that's possible during Christmas week...

Christmas Crash Coming

This coming Monday, December 24th 2018 get prepared for a stock market crash like 1987! On Friday, December 21st I heard the closing bell ring...

ES Morning Update December 21st 2018

Markets look to open about flat this morning... not good if you are a bull as they really should have gaped up strongly if...

ES Morning Update December 20th 2018

Well it's hard too believe for sure but the Fed's for the first time ever seem to be letting the market go where it...

ES Morning Update December 19th 2018

Today is "The Day" for the bears as if they want to crash it then today gives them their highest odds. Failure here and...

ES Morning Update December 18th 2018

So far everything seems to be going as expected. The market broken-down yesterday falling over 500 points on the DOW and is bouncing small...

ES Morning Update December 17th 2018

This could boil down to the most important week of the year... and the FOMC meeting the most important day? The goal today is...

ES Morning Update December 14th 2018

The futures a down some this morning but there's nothing in the charts that stands out to me as bullish or bearish. And since...

ES Morning Update December 13th 2018

Yesterday we saw the forming of the left side of the A in an MA pattern. In case you can't see the big M...

Red's Daily Updates

ES Morning Update January 18th 2019

The futures are up again this morning after a late day pop and drop yesterday occurred on some fake news report (put out to...

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