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 January 14th, 2016

Yesterday I thought we would rollover either that day or today (Thursday) for a B wave down. I thought it would be 20-30 points...

ES Morning Update March 8th 2016

New falling trendline of resistance should. MACD's on the 6 hour chart are drifting now and suggests that this 60 minute MACD won't have much...

ES Morning Update February 24th 2016

Futures shown 5 waves down in them from Monday's high and are resting at horizontal support MACD's on this 60 minute are at -5 area...

ES Morning Update January 21st, 2016

This 2 hour dipped afterhours when the 60 minute rolled over and took the futures down to 1840 area.  But it turned back up...

ES Morning Update January 20th, 2016

The Futures did a flip this time around and sold off afterhours instead of rallying up and becoming overbought like they have done the...

ES Morning Update March 7th 2017

Not much going on today from a news stand point.  The EIA petroleum Status Report is Wednesday at 10:30 am, then Jobless Claims on...

ES Morning Update April 14th 2016

On this Daily chart we can now see the next resistance levels. The MACD's are curling up here and should make a lower high.  They...

ES Morning Update February 5th 2016

The NFP Report barely pushed the futures down hardly any.  This shows strength from the bulls here. No direction clues on this 2 hour MACD...

ES Morning Update January 22nd, 2016

Futures riding the rising trendline I drew yesterday.  Resistance comes in at the falling trendline around 1900 today and the prior top at 1910...

ES Morning Update April 22nd 2016

Futures found support at rising trendline but making a bear flag MACD's trying to turn back up but look weak Considering today is a Friday I'm...

ES Morning Update April 6th 2016

Head And Shoulders on this 2 hour chart MACD's are mixed between the 6 hour, 4 hours, 2 hour and 60 minute charts. With the FOMC...

ES Morning Update April 19th 2016

Target area finally hit as futures run into resistance. MACD's overbought again on this 2 hour chart suggesting we rollover near the open. After over a...

ES Morning Update February 25th 2016

Futures banging on overhead resistance from falling trendline. Rising trendline providing early support but forms a triangle that will force a break before noon today...

ES Morning Update February 12th 2016

Falling trendline of resistance will likely be hit this morning. But the MACD's on this 60 minute chart show it's getting into overbought territory. Looking at...

ES Morning Update January 26th, 2016

I'm looking for 1905-1910 are on this futures chart to end the ABC move up from the bottom of 1804... then we go down...

ES Morning Update April 12th 2016

Futures barely inside triangle and nearing the Apex.  Yesterday's brief pierce of the upper falling trendline of that triangle failed as the market dropped...

ES Morning Update August 7th 2017

Good Monday morning to everyone.  Not much to say this morning as the 60 minute charts shows no clear direction and the 6 hour...

ES Morning Update December 5th 2016

The last few weeks have been difficult for sure, but with enough time all things get better.  Now it's time to get back into...

ES Morning Update April 8th 2016

Futures looking good for a hit of the newer falling trendline. MACD's on this 2 hour chart pointing up and are near zero now.  But...

ES Morning Update April 18th 2016

Futures dropped Sunday night before the open to hit the rising trendline of support. MACD's got oversold and turned back up but look weak on...

Red's Daily Updates

ES Morning Update October 16th 2018

The ES Futures are up nicely this morning so it's looking more and more likely that a retracement rally is starting versus another drop...

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