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 May 10th 2018

  The market keeps on grinding up this morning in what should be a 5th wave. And unless some news comes out to scare it...

ES Morning Update September 25th 2017

Good Monday Morning to everyone.  The futures are down mildly this premarket but still at horizontal support, which seems unlikely to break without some...

ES Morning Update June 27th 2017

Yesterday the bulls had the advantage with the charts if only they would have allowed the futures to drop down first, but instead they...

ES Morning Update August 29th 2016

New falling trendlines drawn that should be resistance on any rally.  The one in blue is a channel and should be smaller resistance then...

ES Morning Update May 11th 2017

Still chopping up and down with no clear direction.  I exited my short yesterday at a breakeven on the rally back up the second...

ES Morning Update December 19th 2017

Looking at the various charts this morning there's no big change from yesterday.  It's still bullish and should be putting in that lower high...

ES Morning Update August 23rd 2018

Yesterday gave us the move up and a small move down. Today looks like up again but I don't think it will be much....

ES Morning Update November 26th 2018

The market is in rally mode this morning. I guess the low last week was close enough to the October 29th low to call...

ES Morning Update June 2nd 2016

Stuck in a triangle but looks like a "WV" pattern forming, which is bullish MACD's are flat-lined on this 60 minute chart, and the 2...

ES Morning Update July 27th 2018

  Looks like another flat day is upon this Friday morning. Clearly the markets are being held up this week. Next week is the end...

ES Morning Update March 28th 2016

This new downward sloping trendline has been hit now and the futures pulled back from it. The MACD's finally went negative Friday and are now...

ES Morning Update October 11th 2016

Yesterday into the close I put up a chart that suggested we'd drop afterhours to the rising green trendline and then turn back up...

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 January 11th 2018

I was hoping for the small dip yesterday to be bought up big time and another strong move up to have followed as that...

ES Morning Update April 24th 2018

This morning the futures have broken out of the falling black trendline that makes a triangle with the horizontal green trendline. Many now think...

ES Morning Update February 22nd 2016

Futures are hitting horizontal resistance. MACD's rising on this 60 minute chart but are making a lower high, which is a negative divergence. The futures are...

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 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,...

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 May 6th 2016

Market still under falling trendline of resistance and horizontal support from an early April trading range. The MACD's now have triple positive divergences on them,...

Red's Daily Updates

ES Morning Update January 18th 2019

The futures are up again this morning after a late day pop and drop yesterday occurred on some fake news report (put out to...

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