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 9th 2016

Pretty amazing the strength of the market right now.  I thought the bull flag would need more time to play out but it played...

ES Morning Update March 21st 2017

This morning the ES Futures appear to have crossed the falling blue trendline of resistance and are trying to straighten out the MACD's so...

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 August 25th 2016

We finally had a decent pullback yesterday and it looks to continue into this mornings' open.  But there's a ton of support just below...

ES Morning Update April 7th 2016

New falling trendline should stop any rally back up. Horizontal trendline has been hit 3 times and gets weaker each hit. Old falling trendline is about...

ES Morning Update March 22nd 2017

We got our rally yesterday but it fell short only hitting 2378 and not the 2385-2390 that I had hoped for.  And we also...

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 May 24th 2016

Breaking out of the triangle now, but could backtest it and then continue back up. MACD's on this 60 minute chart pointing up and the...

ES Morning Update February 14th, 2017

Very tough market gang.  It just doesn't seem to want to go down.  The one thing that does seem obvious to me is that...

ES Morning Update April 20th 2016

Still hovering around this zone, which is common at a top The MACD's don't really give much clues as they could go either way. My thoughts...

ES Morning Update January 29th 2016

ES Futures riding the lower side of this rising trendline.  They might ride it all day and then drop.. but they should drop soon. This...

ES Morning Update September 27th 2016

Yesterday I suggested that the 2145 trendline would hold and we'd stay range-bound between it and the 2156 overhead resistance.  Instead we pierced through...

ES Morning Update August 10th 2016

Ok gang, I'm going to keep this short and simple (as today is my 52nd birthday).  The QQQ's had a FP a few days...

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 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 August 11th 2016

Looking at the SPX cash they seem to be swinging up down from overbought to oversold on the short term charts (like the 60...

ES Morning Update December 19th 2016

Good Morning everyone.  I'm not expecting much this week as it's so close to Christmas that very few traders will be around.  That suggests...

ES Morning Update September 19th 2016

Good Monday Morning to everyone.  The futures so bright I gotta wear shades!  (all you 80's kids will remember that verse of a "otherwise"...

ES Morning Update November 16th 2016

Yesterday I suggested we would stay in the triangle and then most likely breakdown today or Thursday.  It looked good most of the day...

ES Morning Update October 31st 2016

Happy Halloween Everyone... Today I'd normally say the expected light volume would all the market to float higher but with the reopening of the...

Red's Daily Updates

ES Morning Update March 24th 2017

In the chatroom yesterday I presented 3 scenario's that might play out.  One and Two were a move down today to make either a...

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