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 March 10th 2016

Nice backtest of the rising wedge.  If the futures can get back inside the wedge then they might be able to fill a gap...

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 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 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 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 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 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 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 January 19th, 2016

Futures are hitting the falling trendline of resistance again this morning.  Next resistance is the other falling trendline. Futures are hitting the falling trendline of...

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 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 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...

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 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 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 29th 2016

Market hit falling trendline yesterday and rolled over into what appears to be a wave C down. MACD's are oversold here but have plenty of...

ES Morning Update May 5th 2016

Futures hit the falling trendline of resistance afterhours and briefly pushed through it (hitting 2060) before falling back to trade sideways riding that trendline. The...

ES Morning Update April 4th 2016

Up again and looking ready to rollover. MACD's on this 2 hour chart also look like they want to go down. Well, here we are again...

ES Morning Update February 11th 2016

Falling trendlines of resistance for the ES Futures MACD's on this 60 minute chart now shows positive divergence. So does the 2hr, 4hr, and 6hr...

ES Morning Update April 25th 2016

Tough read here but support is in the 2070-2080 range. Not much help here on the MACD's either as they are flat-lined under zero. Might have...

Red's Daily Updates

ES Morning Update May 26th 2017

Looks like the Russell and the DOW are the only one's left that haven't made a new all time high.  If they manage to...

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