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 August 13th 2018

The futures are down a little this morning but getting oversold on the 2 hour chart suggesting a bounce today of some degree. Looking...

ES Morning Update August 10th 2018

No long post this morning gang. The market finally rolled over it seems. I don't know if it's going to stick or not but...

ES Morning Update August 9th 2018

Not a whole to say today that wasn't said yesterday. The market are again about flat and doing a whole lot of nothing this...

ES Morning Update August 8th 2018

The futures are just trading sideways and don't seem to rollover yet. I still think the top it in basically and we'll start a...

ES Morning Update August 7th 2018 – The TOP IS IN

Gang I'm looking for a top today for many reasons. One is the VIX fake print (FP) showing 11.07 was hit in the premarket....

ES Morning Update August 6th 2018

For some reason the chart isn't working properly this morning (it's not showing the data from Friday until now) so I'll keep this update...

ES Morning Update August 3rd 2018

The FP on the SPY from last Friday has now been hit this premarket morning. As for the wave count... it looks like the...

ES Morning Update August 2nd 2018

With the future down again this morning the ABC up wave count is now toast. The 7/30 low to the 7/31 high must have...

ES Morning Update August 1st 2018

Ok, looks like we are on the ABC up plan and the A wave likely completed yesterday by midday. We should now be in...

ES Morning Update July 31st 2018

Looks like I'm 0 for 2 the last couple of updates. I was thinking we'd be going up yesterday to around 283 on the...

ES Morning Update July 30th 2018

  Last Friday the market did not chop sideways with an upward bias as I thought might happen but instead dropped nicely in what I...

ES Morning Update July 27th 2018

  Looks like another flat day is upon this Friday morning. Clearly the markets are being held up this week. Next week is the end...

ES Morning Update July 26th 2018-FaceBook Becomes CrashBook

  WOW! What an exciting last half hour yesterday. I'm stunned, surprised, but shocked as this kind of manipulation has been going on for decades....

ES Morning Update July 25th 2018

  Cracks in the wall... that the BULL WALL I'm referring too. Yesterday was the first time in a very long time that we seen...

ES Morning Update July 24th 2018

  Never underestimate the bulls is the lesson for this morning. Yesterday I suggested that we'd go up and make a lower high early this...

ES Morning Update July 23rd 2018

  This week there's a lot of earnings out so it could be some wild action on stocks with earnings, and the market itself might...

ES Morning Update July 20th 2018

  We had a fast drop last night around 9pm EST but the futures have recovered most of it this premarket morning. Was that a...

ES Morning Update July 19th 2018

  This morning we are going to look at the 6 hour chart. You can see the triple negative divergence on the MACD's clearly here,...

ES Morning Update July 18th 2018

  Yesterdays update certainly was wrong as the bulls ripped the bears to pieces all day starting right at the open. At this point I...

ES Morning Update July 17th 2018

  Looks like the bearish alignment of the 6 hour MACD is keep downward pressure on the market this morning. The 60 minute MACD did...

Red's Daily Updates

ES Morning Update August 16th 2018

Great day yesterday for the bears and today we see almost the entire down move erased. I view the move down from the 2860...

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