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 April 28th 2017

Hi everyone.  This Wednesday my Aunt Betsy (one of my mother's sister) died in the hospital around 8:30pm.  Everyone knew is was only a...

ES Morning Update August 30th 2017

Looking at both the SPX and the Futures charts this morning we still seem to be mixed, whereas the futures are now overbought and...

ES Morning Update March 31st 2016

Support around 2040 from rising trendline As all of you know in the chatroom I had my computer crash on me Wednesday morning and wasn't...

ES Morning Update February 15th, 2017

Looks like we did make another move higher as pattern on the 6 hour chart repeated itself.  Now it looks like we are finally...

ES Morning Update April 28th 2016

Futures did little to nothing after the FOMC minute yesterday but rallied into the close.  Afterhours they dropped in what appears to be the...

ES Morning Update May 14th 2018

  I hope everyone had a great weekend and enjoyed time with your mother for "Mothers Day". I don't expect much action this week in...

ES Morning Update October 13th 2017

The futures are up a little this morning in what looks like it "could" be the squeeze higher I've been looking for?  If we...

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 May 15th 2017

I hope everyone had a great mother's day weekend and spent quality time with your mother as I got the chance to do over...

ES Morning Update January 21st, 2016

This 2 hour dipped afterhours when the 60 minute rolled over and took the futures down to 1840 area.  But it turned back up...

ES Morning Update October 23rd 2017

Another week has gone by and almost another month too.  Hard too believe how fast time flies.  Anyway, not much to say this Monday...

ES Morning Update March 24th 2016

Looks like the overhead resistance was too much for the bulls as the market finally gave rolled over yesterday.  I'd like to see a...

ES Morning Update May 5th 2016

Futures hit the falling trendline of resistance afterhours and briefly pushed through it (hitting 2060) before falling back to trade sideways riding that trendline. The...

ES Morning Update October 5th 2017

Not much to add from yesterdays' post and the day before that and the before that and etc...   The futures are still climbing a...

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 June 13th 2017

The futures are still trading in the triangle range mentioned on yesterday's update.  The MACD's on this 60 minute chart are overbought but the...

ES Morning Update December 6th 2017

So far this move down looks too me like we put in an important top and change in trend.  Now I'm not saying it's...

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...

DOW down almost 666 points… does that ring a bell?

Reminds me of March 6th, 2009 when the SPX hit a low of 666...

ES Morning Update April 11th 2016

ES Futures are back at that upper falling trendline of resistance for the 4th time now. MACD's are pointing up on this 2 hour chart...

Red's Daily Updates

ES Morning Update May 23rd 2018

  Looks like the bears finally made a stand as the futures are set to open down nicely. But, they've fell right into the 2700...

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