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Reds Daily Updates

These posts are Red's daily forecast for the short term direction of the stock market.

ES Morning Update April 13th 2021

Not really much to say this morning. Yesterday was boredom-fest day that produced next to nothing on any movement up or down. Today it...

ES Morning Update April 12th 2021

Afterhours last Friday at 7:57 pm EST we got a possible FP on the DIA, which is for a low of 333.47 (notice the...

ES Morning Update April 9th 2021

Another choppy day it seems... at least that's how it looks to start off this Friday morning. Who knows about the close? Between now...

ES Morning Update April 8th 2021

Yesterday was of course a complete dud as the market didn't move much at all and failed to trigger the big short I was...

ES Morning Update April 7th 2021

Today is the big day where we could see a blow off top, but right now it's looking unlikely as the futures are flat...

ES Morning Update April 6th 2021

Yesterday was another bear slaughter as the hunters enjoy bear season for another day. They wiped out a ton of bears in the move...

ES Morning Update April 5th 2021

The markets continue to grind higher this morning, which is great for the bearish setup I'm hoping will form in the next couple of...

ES Morning Update April 1st 2021

The big news today is the VIX closing the gap at 18.21 from the gap up on 2/21/20. If that doesn't tell you we...

ES Morning Update March 31st 2021

Still not much action in the market this morning. Just a slow sideways grind. It keeps acting like it's going to breakout and make...

ES Morning Update March 30th 2021

Not much happened yesterday as the bulls gained a little ground. The did test the current all time high coming just 2 points shy...

ES Morning Update March 29th 2021

Last Friday the bulls ripped the face off the bears with a late day rally, and this morning I was really hoping we'd see...

ES Morning Update March 26th 2021

Yesterday I spoke if the market just doing some ping-pong back and forth between trendlines until early next week, but instead it flushed out...

ES Morning Update March 25th 2021

The futures rallied up to the falling red trendline yesterday and failed to get through it, then rolled over and closed down for the...

ES Morning Update March 24th 2021

Mostly chop yesterday and then a flush into the close. Arthur Knopf seems to think the market is going to stay rangebound between 3850...

ES Morning Update March 23rd 2021

Yesterday saw a nice move up and this morning a small pullback, which is normal as the short term charts did get quite overbought....

ES Morning Update March 22nd 2021

The bulls did a good job Friday of holding the rising trendline from the March 2020 bottom last year. This morning they are hanging...

ES Morning Update March 19th 2021

FAILED! Yep... the bulls failed to take out the 4000 level yesterday and run the stops on the bears. But... it's not as bearish...

ES Morning Update March 18th 2021

The market just doesn't want to make up its mind it seems, as first it acted like the 4000 area would hold and not...

ES Morning Update March 17th 2021

The market didn't rally as much as I'd like to have seen yesterday. It stopped shy of 4000 on both the SPX and ES,...

ES Morning Update March 16th 2021

The market seems to always throw a curve ball at you when you least expect it, and that's what happened yesterday with an early...
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