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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 August 10th 2020

This morning the futures are basically flat, which tells me the market is getting very tired now. Friday started off the same but did...

ES Morning Update August 7th 2020

Once again we went up higher yesterday as the grind higher toward the all time high continues. But this morning we are pulling back...

ES Morning Update August 6th 2020 – Big Picture Update

Yesterday the SPX finally filled the gap from 2/21 at 3328 and then afterhours the ES Futures filled the same gap and has since...

ES Morning Update August 5th 2020

The market continues to go up again this morning after a small grind higher yesterday just like it. Is this the pattern into October?...

ES Morning Update August 4th 2020

Yesterday did continue up as I was looking for on Friday. It stalled at the 3300 level with a brief pierce on the SPX...

ES Morning Update July 31st 2020

We saw a nice drop yesterday but that 3200 level held once more and the market ripped back up from it the rest of...

ES Morning Update July 29th 2020

Yesterday into the close the bears finally closed the SPX below the light purple rising trendline, that has be supporting the bulls since the...

ES Morning Update July 28th 2020

I was late yesterday getting the morning update finished, but it's well worth the read as it's a long one that covers THE BIG...

ES Morning Update July 27th 2020 – THE BIG PICTURE

Friday throughout the day I got excited thinking that we might gap down big this morning, but it's obviously not happening... very disappointing. I...

ES Morning Update July 24th 2020

The market finally pulls back yesterday but held support from a rising trendline. In the premarket today it pierced that trendline but is currently...

ES Morning Update July 23rd 2020

Another huge failure by the bears to drop the market yesterday, and this morning is starting out the same. I can only assume at...

ES Morning Update July 22nd 2020

I posted on Twitter yesterday a chart showing my reasons for thinking we are going to pullback into the 3000 area by this Friday,...

ES Morning Update July 21st 2020

The market ignored me yesterday and decided to skip the small move down and run up to 3250-3260 into Wednesday, as just went straight...

ES Morning Update July 20th 2020

The futures aren't doing much this morning so it looks like we are going to start off with a sleepy open. But I don't...

ES Morning Update July 17th 2020

The bears failed yesterday to push the market down below any of the support levels that the bulls have, so I bailed on all...

ES Morning Update July 16th 2020

Futures are down this morning, but not huge... kinda like what I was looking for as I was only 60/40 bearish for today. It...

ES Morning Update July 15th 2020

Futures are up this morning as expected. This is the bounce I was talking about in the chatroom yesterday. If it goes higher then...

ES Morning Update July 14th 2020

Yesterday the SPX broke above the prior June 8th high of 3233 by 2 points but couldn't hold it and tanked the last couple...

ES Morning Update July 13th 2020

The futures finally hit the FP of 3196 Sunday night and seem to have paused there as this morning they are still hanging around...

ES Morning Update July 10th 2020

The market finally lost that lower dashed green trendline in the rising channel from the March 23rd low yesterday, but the bulls rallied back...
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