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 8th 2016

New falling trendline of resistance should. MACD's on the 6 hour chart are drifting now and suggests that this 60 minute MACD won't have much...

ES Morning Update April 27th 2018

Yesterday turned out to be a fairly strong bullish day but today might just be a "pin" day where the market makers keep the...

ES Morning Update October 4th 2016

Hmmmmm... today looks like crap for figuring out which direction the market is going to go.  Early charts look slightly bearish, so it's possible...

ES Morning Update November 15th 2017

The bears did indeed turn that MACD and Histogram bars back down yesterday and are continuing today.  On the 6 hour chart you'll see...

ES Morning Update June 30th 2016

Futures finally ran into some resistance and seem too be taking a pause for now. MACD's are pointing down finally from getting very overbought yesterday. Today...

ES Morning Update May 9th 2018

  This mornings' move up certainly looks like a 5th wave to me, so at some point today I'd think this rally up will end...

ES Morning Update September 11th 2017

Looks like the bulls took control over the weekend as we have a nice gap up ready for the open this morning.  No doubt...

ES Morning Update February 22nd, 2017

Ok gang, we now have an almost perfect match of the MACD patterns that I spoke of yesterday.  We had the cross back to...

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 April 25th 2018

Quite a drop we had yesterday. It was exactly what I was looking for but went deeper then I expected. In the end though...

ES Morning Update October 27th 2017

This morning we are going to look at the 2 hour chart and as you can see the bulls did not do the smart...

ES Morning Update August 19th 2016

The Futures ran up into multiple trendlines of resistance after-hours and couldn't breakthrough. Looking at various charts and time frames this morning I don't see...

ES Morning Update February 6th 2018

WOW! Not sure there's much more I can say then that! The market basically flash crashed the last few days with yesterday being the...

ES Morning Update May 17th 2017

Looks like the rising wedge finally gave way last night as the futures fall back down to horizontal support around the 2380 area, which...

ES Morning Update July 18th 2016

Looking at the charts this morning they look like the bulls are going to take a rest today.  While the market is set to...

ES Morning Update February 16th, 2017

Here we are again looking like we are about to have a bearish crossover of the MACD's on the 6 hour chart.  But, it...

ES Morning Update January 9th, 2017

Almost everything I see is at extremes now.  Of course the market will sometimes push a little farther to make it even more extreme...

ES Morning Update March 11th 2016

Backtest of rising wedge yesterday produced a nice sell off but it didn't hold as is back up again like nothing happened. Early look at...

ES Morning Update June 30th 2017

I have to say, yesterdays down move was a surprise to me.  I had given up on the C wave down scenario from the...

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...

Red's Daily Updates

ES Morning Update July 17th 2018

  Looks like the bearish alignment of the 6 hour MACD is keep downward pressure on the market this morning. The 60 minute MACD did...

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