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 December 14th 2016

We are finally here gang... Judgement Day (as said in the Terminator Movie).  What will SkyNet do with the market after the FOMC minutes...

ES Morning Update June 21st 2017

I'm 0 for 2 so far this week... not good.  I'll just call today as going up, going down, or going nowhere and I'll...

ES Morning Update May 3rd 2019

The last two days produced a decent little pullback in the market and it looks like a clean ABC wave 4 down to me....

ES Morning Update July 19th 2016

Futures chopping sideways making lower highs with resistance overhead from the falling (green) trendline and support at the horizontal (yellow) trendline around 2143.25 MACD's going...

ES Morning Update January 24th 2018

Well... it shouldn't be any surprise to anyone when I say the market is up again this morning. I've never seen a market that...

ES Morning Update August 9th 2017

Yesterday I suggested that the MACD's on the 60 minute chart of the SPX cash would turn back up probably on Wednesday or Thursday...

ES Morning Update January 24th, 2017

Looks like Ground Hog day again too me gang.  Nothing has changed, it's the same as yesterday.  I'd love to tell you something of...

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 April 20th 2018

Yesterday the yellow rising trenddline held most of the day and was pierced at one point but closed on it. This morning we see...

ES Morning Update December 13th 2016

Not much to add guys.  We are inching up a little more this more getting closer and closer to that old FP on the...

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 June 16th 2016

Bulls failed to get past resistance yesterday and dropped into the close, and this morning are still dropping. MACD's oversold on this 60 minute chart...

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...

ES Morning Update August 10th 2017

Yesterday was of course a pause day as the market got short term oversold from the tricky move down on Tuesday.  Now this morning...

ES Morning Update May 15th 2018

  Yesterday was a boring day overall as not much action happened in the market. With summer time around the corner we could see several...

ES Morning Update March 3rd, 2017

Yesterday we found support at the black rising trendline and today we see it's fallen further to hit the yellow rising trendline where it's...

ES Morning Update October 16th 2017

Looking at the 6 hour chart this morning its' looking bullish to me.  The MACD is about to cross back up positive after flat-lining...

ES Morning Update March 10th 2017

Well gang... it's Friday!  Aren't you happy?  You can go party now... except that you are addicted to trading now and view the stock...

ES Morning Update July 13th 2017

Yesterday I thought the falling yellow trendline would hold the bulls back and that we'd stay inside the triangle, but the bulls pushed through...

ES Morning Update June 14th 2017

It's still looking bullish on the 6 hour MACD's and this 60 minute MACD has hit +2.5, turned down and now pointing back up...

Red's Daily Updates

ES Morning Update May 24th 2019

Yesterdays drop caught me a little off guard as I wasn't expecting such a large down day. However, it's fits perfect with a C...

Recent Posts

// Below tags are to be included in the respective DIVs