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 July 24th 2017

Good Monday morning everyone.  The 60 minute chart here of the ES Futures is looking oversold and acting like it wants to go up. ...

ES Morning Update July 21st 2017

A whole lot of nothing yesterday, at least by the close.  There was a slight pullback in the morning but it got bought up...

ES Morning Update July 20th 2017

So far we've had a high overnight/premarket of 2476.25 and seem to be backing down a little from it this morning.  I've mentioned in...

ES Morning Update July 19th 2017

This morning the bulls are at the goal line again and looking like they are going to score.  But the charts disagree as this...

ES Morning Update July 18th 2017

Yesterday I spoke of the blue rising trendline where the bulls needed to hit afterhours and bounce up from it or else they would...

ES Morning Update July 17th 2017

Good Monday Morning everyone.  In the charts this morning we have an overbought 6 hour MACD that's up in the 6.1 to 7.2 zone,...

ES Morning Update July 14th 2017

Just sideways consolidation it seems, which looks a lot like the last week of May before another squeeze higher started on June 1st.  I'm...

ES Morning Update July 13th 2017

Yesterday I thought the falling yellow trendline would hold the bulls back and that we'd stay inside the triangle, but the bulls pushed through...

ES Morning Update July 12th 2017

The bulls finally gave up some ground yesterday and went down to retest that 2410 area like I thought they needed to do.  Now...

ES Morning Update July 11th 2017

As usual the bulls refused to give up any ground to the bears and tried to rally up from a weaker level.  Naturally they...

ES Morning Update July 10th 2017

Futures pushed through the falling trendline of resistance over the weekend and pre-market it seems.  Now we appear to be in a consolidation mode...

ES Morning Update July 7th 2017

The futures have turned back up a little from being oversold yesterday.  Today looks very likely to be a bullish day as many charts...

ES Morning Update July 6th 2017

The bulls gave up the triangle after-hours it seems as the bears took it back down to support.  It's now looking like a nice...

ES Morning Update July 5th 2017

I hope everyone had a great 4th of July.  Now it's back to business.  There's an FOMC meeting today but it's just the minutes...

ES Morning Update July 3rd 2017

Good Monday morning to everyone.  This week will be a slow week most likely with a general expected float higher in the market.  Tuesday...

ES Morning Update June 30th 2017

I have to say, yesterdays down move was a surprise to me.  I had given up on the C wave down scenario from the...

ES Morning Update June 29th 2017

A strong rally yesterday puts bulls back in control.  While I was looking for another lower low from Tuesdays low it seems the bulls...

ES Morning Update June 28th 2017

The bulls couldn't hold on yesterday to the green rising trendline and fell through it in what looked like a C wave down.  I...

ES Morning Update June 27th 2017

Yesterday the bulls had the advantage with the charts if only they would have allowed the futures to drop down first, but instead they...

ES Morning Update June 26th 2017

The futures this Monday morning are banging up against the blue trendline of resistance.  The MACD's on this 60 minute chart look overbought to...

Red's Daily Updates

ES Morning Update July 27th 2017

Man, this market is really running on fume!  Correction... it's out of fuel and just gliding!  Various charts I look at, from the SPX...

Recent Posts