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 November 13th 2018

What a surprise! A large down day on a holiday. Strangely I've seen that act before, but predicting in advance isn't easy. The good...

ES Morning Update November 12th 2018

The first 11/11/11 date has past now with nothing happening. The only one left is this coming November 29th, 2018... which might be a...

ES Morning Update November 9th 2018

Not much to add today that hasn't been said already. I'm still expecting a top by next Monday or Tuesday. Where it tops out...

ES Morning Update November 8th 2018

Well, the bulls put on a stellar rally yesterday in relief that the midterms are over with. It's back to original target zone of...

ES Morning Update November 7th 2018

The futures are up this morning as the rally up from the 10/26 low continues. The midterm elections turned out like everyone forecasted with...

ES Morning Update November 6th 2018

Today is the all important midterm elections here in the USA. Will Trump and Republicans keep control of both the House of Senate and...

ES Morning Update November 5th 2018

Overall for this week I'm looking for a move up to 2800-2850 SPX at some point. I don't know the "when" part of course...

ES Morning Update November 2nd 2018

This morning the premarket session is up again but I suspect this is the last move up from this rally off the bottom as...

ES Morning Update November 1st 2018

Today looks like a "pause" day after yesterdays monster rally. All eyes will be focused on Apple earnings after the bell, so I'm not...

ES Morning Update October 31st 2018

Today I have two upside targets... the first is 271.00 on the SPY and the second is 273.77, and the determining factor is the...

ES Morning Update October 30th 2018

It seems that everyone is expecting a bounce to 2800-2830 on the SPX, including me. But we all know that if everyone is expecting...

ES Morning Update October 29th 2018

Looks like the bulls are staging another rally attempt this morning. I have to think this one will stick as the prior 3 failed,...

ES Morning Update October 26th 2018

Another rally and any sell off. The market is very tricky here as I thought the bottom was in and we'd rally up into...

ES Morning Update October 25th 2018

Double WOW is all I can say! Yesterday the bears punished the bulls hard as the market was pounded down into the close. However,...

ES Morning Update October 24th 2018

Yesterdays drop failed to reach the downside targets I was looking for but could still have been enough to complete the sell off from...

ES Morning Update October 23rd 2018

This 6 hour chart shows the futures with a higher low on the MACD's so positive divergence is forming. But I don't think the...

ES Morning Update October 22nd 2018

The futures are up some this morning from being down Sunday night. Overall they are basically about where they closed on Friday. So a...

ES Morning Update October 19th 2018

After the close yesterday we had a "possible" FP showing 279.25 on the SPY, which is right around the opening level, so it might...

ES Morning Update October 18th 2018

Today is likely going to be the last day for this up move before we rollover and retest the 2710 SPX lows... which I...

ES Morning Update October 17th 2018

This morning we see the futures backing down some from a very large rally up yesterday. The key today will be whether or not...

Red's Daily Updates

ES Morning Update November 16th 2018

Finally... the bulls stepped up to the plate and rallied up to a nice green close yesterday. But can they do again today is...

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