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 March 10th 2017

Well gang... it's Friday!  Aren't you happy?  You can go party now... except that you are addicted to trading now and view the stock...

ES Morning Update September 5th 2018

As expected the bulls decided to rest a little yesterday to work off some overbought charts. This morning we are down a little more...

ES Morning Update August 3rd 2017

The market finally broke-down yesterday losing the red rising trendline of support.  Of course it rallied back hard as the bulls never seems to...

ES Morning Update July 15th 2016

Ok guys... finally there appears to be some weakness showing up in this bull run! Yippeeee!  As you can see for the first time...

ES Morning Update June 28th 2018

  WOW! What a reversal yesterday... from a strong move up to another flush back down. Crazy markets! I have to say that it caught...

ES Morning Update October 21st 2016

Yesterday we stopped around that 2127 area of support and rallied back to around 2140 where a new green falling trendline stopped the bulls. ...

ES Morning Update February 17th, 2017

WOW guys, we actually had a red day yesterday!  Amazing... I thought it was never going to rain.  Can we get another today?  Only...

ES Morning Update September 21st 2016

The futures went back up to retest that 2145 horizontal trendline of resistance last night and this morning it seems.  But they failed to...

ES Morning Update July 29th 2016

There's a song out there by Green Day called "Wake me up when September Ends"... which should be changed to July as every day...

ES Morning Update July 21st 2016

Another day, same story... the bears are sleeping very deeply now as the bulls are resting trying to decide if they want to continue...

ES Morning Update October 18th 2016

Good morning gang, yesterday I talked about a C wave setting up with Monday creating the 1up/2down inside the C wave up.  It looks...

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...

ES Morning Update April 21st 2017

We finally got our breakout to the upside yesterday, which I think will continue into next week as the futures make another run for...

ES Morning Update August 8th 2018

The futures are just trading sideways and don't seem to rollover yet. I still think the top it in basically and we'll start a...

ES Morning Update March 16th 2018

Today we are going to look at the 6 hour chart for clues. I'm also using the June ES Futures contract instead of the...

ES Morning Update April 14th 2016

On this Daily chart we can now see the next resistance levels. The MACD's are curling up here and should make a lower high.  They...

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 August 1st 2017

Yesterday into the close I posted a chart on the SPY in the chatroom that showed a smaller and larger triangle.  It rallied up...

ES Morning Update March 6th 2018

Here we are looking at a strong move up yesterday that is putting in a clear (and very obvious) head and shoulders pattern. In...

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...

Red's Daily Updates

ES Morning Update September 20th 2018

Slowly but surely the market is continuing to grind higher up toward that FP from 2/27 of this year. At this rate we could...

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