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Reds Daily Updates

These posts are Red's daily forecast for the short term direction of the stock market.

ES Morning Update August 19th 2016

The Futures ran up into multiple trendlines of resistance after-hours and couldn't breakthrough. Looking at various charts and time frames this morning I don't see...

ES Morning Update February 23rd 2016

Futures hit horizontal resistance yesterday and barely pierced though.  Now this morning the appear ready to lose the rising trendline of support MACD's rising on...

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 December 6th 2019

Yesterday was indeed a "pause" day as the markets mostly went sideways all day long. This morning we see the premarkets rallying up some,...

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...

ES Morning Update October 1st 2020

The ES Futures stopped shy of the even number level of 3400 as expected and so did the SPX. I had the 3380 area...

ES Morning Update March 17th 2017

Futures seem to stuck now in a triangle and will probably stay inside the APEX of it all day today.  The downward sloping blue...

ES Morning Update September 13th 2016

Ok, yesterday we had a nice strong bounce off of the opening low, which I thought we'd get today but the bulls don't wait...

ES Morning Update August 24th 2018

Yesterday one of the members of my free chatroom found another FP (fake print) showing a drop this time of 5.28% while the other...

ES Morning Update November 15th 2018

This 6 hour chart of the ES Futures appears to be turning back up, or at least it's trying to turn back up. That...

ES Morning Update January 8th, 2016

There are 2 falling trendlines of resistance. And 2 horizontal trendlines. This 60 minute chart of the ES Futures is already up at the zero line,...

ES Morning Update July 24th 2017

Good Monday morning everyone.  The 60 minute chart here of the ES Futures is looking oversold and acting like it wants to go up. ...

ES Morning Update July 12th 2016

1,2,3 tops then pullback Yesterday I pointed out that the common thing that the market usually does is to go up 10-20 points higher then...

ES Morning Update January 17th, 2017

Hope everyone had a nice holiday.  Now it's back to the grind it seems.  But fear not as the market doesn't look like it's...

ES Morning Update May 10th 2016

Futures are forming a rising channel now. MACD's are once again overbought on this 60 minute chart as well as the 2 hour chart.  But...

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 May 21st 2018

NOTE:  I'm unable to write my notes on the chart this morning as for some strange reason Jing keeps crashing and that's the software...

ES Morning Update June 29th 2016

Market continuing to grind higher from very oversold short term levels.  However, we are getting overbought now on the 60 minute futures chart.  But...

ES Morning Update September 14th 2020

Last Friday into the close and afterhours the ES Futures went down to retest the 9/8 low (3295.50) with a slightly higher low (3298.25)....

ES Morning Update August 24th 2016

Yesterday I gave odds of a pullback after a double top at 80% as the market rarely pushes straight through on the first hit,...
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