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 September 20th 2017

Again gang, nothing to add that hasn't already been said. The market is waiting on the FOMC meeting today at 2 pm EST to...

ES Morning Update September 19th 2017

Nothing new to add today as we are still dancing around 2500 and will probably continue to do so until the FOMC meeting is...

ES Morning Update September 18th 2017

Good Monday morning to everyone.  The SPX finally hit 2500 on the SPX so we got that out of the way... but what's next? ...

ES Morning Update September 15th 2017

Not much change since yesterday.  The bulls are holding the market sideways as the MACD on this 6 hour chart drift lower, which is...

ES Morning Update September 14th 2017

Today we'll look at the 6 hour chart as it shows clearly how overbought the market is up at this level.  We can see...

ES Morning Update September 13th 2017

The bulls did a great job yesterday of making new all time highs on most Indexes and ETF's, but the DOW is still lagging...

ES Morning Update September 12th 2017

Ok, new all time high it is... the guessing is over with!  LOL!  This morning we see the futures have hit a new all...

ES Morning Update September 8th 2017

Well, it looks like yesterdays' smaller wave 2 down wasn't finished afterall as we've already went lower this premarket morning then the premarket low...

ES Morning Update September 7th 2017

Yesterday in the chatroom I discussed a possible rollover of the 60 minute MACD afterhours and curl back up by the open, and that's...

ES Morning Update September 6th 2017

Yesterdays drop hit the FP on the SPY and went past it another point, and then rallied back up into the close to end...

ES Morning Update September 5th 2017

I hope everyone had a great slave day... errr, labor day.  It's it nice that we sheep get to celebrate being a slave debtor...

ES Morning Update September 1st 2017

Another day and the bulls are still running hard.  I guess they liked the NFP Report numbers?  But nah, it's all in the charts...

ES Morning Update August 31st 2017

Looks like the futures are grinding up again this morning, which is to be expected for a C wave (or wave 3?) up.  The...

ES Morning Update August 30th 2017

Looking at both the SPX and the Futures charts this morning we still seem to be mixed, whereas the futures are now overbought and...

ES Morning Update August 29th 2017

Looks like the 6 hour MACD finally rolled over as I thought it might either Monday or Tuesday. Isn't it funny how everything was...

ES Morning Update August 25th 2017

Today do not look good for the bulls as they did not go down deep enough to reset the short term overbought charts and...

ES Morning Update August 24th 2017

As always SkyNet keeps me guessing.  Yesterdays' failure to produce a smaller 5th wave up, and instead dropped into a down move that appears...

ES Morning Update August 23rd 2017

This morning we see some selling in the futures market, which leaves me wondering if my call to NOT go short yesterday and wait...

ES Morning Update August 22nd 2017

Yesterdays' dip down to make another lower low now appears to me like it completed the tiny 5th wave, meaning todays' move up is...

ES Morning Update August 21st 2017

Another weekend gone by and almost another month.  It's hard to believe sometimes that's it August... time just passes by so quickly these days. ...

Red's Daily Updates

ES Morning Update September 25th 2017

Good Monday Morning to everyone.  The futures are down mildly this premarket but still at horizontal support, which seems unlikely to break without some...

Recent Posts