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 July 31st 2019

Yesterdays FP on the SPY was almost hit going into the close but missed by a little. However, it pretty much been hit now...

ES Morning Update November 2nd 2016

Looks like we should rally some today.  I got yesterdays' call wrong thinking we'd chop around while waiting on the FOMC meeting today but...

ES Morning Update November 14th 2016

This Monday morning we see the ES Futures about flat.  Over the weekend they bust up through the falling green trendline of resistance and...

ES Morning Update September 29th 2017

I've drawn two rising blue trendlines as the futures seem to be in a rising channel now. Yesterdays' lower high suggests it might have...

ES Morning Update April 18th 2016

Futures dropped Sunday night before the open to hit the rising trendline of support. MACD's got oversold and turned back up but look weak on...

ES Morning Update February 10th 2016

  Falling trendline of resistance for the ES Futures Rising trendline of support and horizontal zone needs to hold for the bulls MACD's on this 60 minute...

ES Morning Update March 28th 2019

Last night the futures were down as much as 15 points but this morning they are pretty much flat. So I'm still thinking we...

ES Morning Update May 2nd 2018

  Today is the FOMC day so I don't expect much action until after it's over with, which is around 2pm EST. That ramp up...

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 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 July 12th 2017

The bulls finally gave up some ground yesterday and went down to retest that 2410 area like I thought they needed to do.  Now...

ES Morning Update May 31st 2016

Futures went through horizontal support (blue trendline) and double topped over the weekend.  Support is now the shorter rising trendline (in green) and the...

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 September 27th 2017

Looks like the bulls are running this morning, but will they put in a new all time high again, or fall short with just...

ES Morning Update February 1st 2018

The bulls sure seem to be having a hard time getting going back up again as the futures were up around 10 points last...

ES Morning Update April 3rd 2018

Yesterday's drop did catch me by surprise a little as while I was expecting it to happen I thought it would do so over...

ES Morning Update February 15th 2018

Nice move up again this morning I see. It's now acting like a wave 3 to me, so if we can pullback small around...

ES Morning Update August 7th 2019

Markets are down this morning, after a nice strong bounce yesterday. I don't think the bulls are done yet on this move up but...

ES Morning Update May 2nd 2017

Good morning everyone.  Looks like I haven't missed much the last few days since my Aunt Betsy passed away, with the funeral yesterday.  Hopefully...

ES Morning Update September 1st 2017

Another day and the bulls are still running hard.  I guess they liked the NFP Report numbers?  But nah, it's all in the charts...

Red's Daily Updates

ES Morning Update August 22nd 2019

Still not going anywhere it seems. I've been waiting for a breakout to the upside for a run up to a possible FP at...

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