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 June 26th 2017

The futures this Monday morning are banging up against the blue trendline of resistance.  The MACD's on this 60 minute chart look overbought to...

ES Morning Update June 25th 2018

  Last week the market failed to bounce in the beginning and drop through the upper trendline of the falling channel but later in the...

ES Morning Update September 17th 2018

Good Monday morning to everyone. I hope that it was a great weekend for you as summer gives way to fall where temperatures are...

ES Morning Update March 2nd 2016

On the downside there are two rising trendlines of support, one around 1965 and the other around 1950 on this ES Futures chart. MACD's got...

ES Morning Update June 24th 2016

All this week I was looking for the gap to fill from 6/9 around 2115 and that was where I planned to short.  At...

ES Morning Update May 16th 2016

Weak looking rally off the lows last week, and 60 minute MACD's ready to rollover at the open. Good Monday Morning everyone... it looks like...

ES Morning Update December 8th 2016

Here we are again it seems.  Another dude news event that most though would move the market but instead we are flat this morning. ...

ES Morning Update January 4th 2019

  Not much to add that wasn't said previously either in the morning post or in the free chatroom throughout the day. The bulls and...

ES Morning Update September 18th 2017

Good Monday morning to everyone.  The SPX finally hit 2500 on the SPX so we got that out of the way... but what's next? ...

ES Morning Update July 18th 2017

Yesterday I spoke of the blue rising trendline where the bulls needed to hit afterhours and bounce up from it or else they would...

ES Morning Update July 10th 2018

  Looks like yesterdays thoughts on the bulls continuing to control the market was right as they put in another nice up day. But today...

ES Morning Update September 16th 2016

Yesterday I pointed out that there was a "possible" FP on the SPY from Tuesday showing 216.42 and we didn't quite make it up...

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 March 11th 2016

Backtest of rising wedge yesterday produced a nice sell off but it didn't hold as is back up again like nothing happened. Early look at...

ES Morning Update August 22nd 2017

Yesterdays' dip down to make another lower low now appears to me like it completed the tiny 5th wave, meaning todays' move up is...

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 April 2nd 2018

I hope every had a good holiday weekend. Always remember that Easter has nothing to do with bunny's and egg's... it's about Christ rising...

ES Morning Update July 14th 2017

Just sideways consolidation it seems, which looks a lot like the last week of May before another squeeze higher started on June 1st.  I'm...

ES Morning Update August 14th 2017

Good Monday morning to everyone.  The bulls are back and bears in trouble, at least that's the way it's starting off this morning.  We...

ES Morning Update August 8th 2017

The 60 minute (longer term) MACD on the SPX cash did curl back up just a hair at the close yesterday.  Now the two...

Red's Daily Updates

ES Morning Update March 22nd 2019

Another tricky move by the bulls yesterday as the rally up surprised most and went further then many expected. The only good thing for...

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