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 June 7th 2017

Not much to add today that wasn't spoke of yesterday.  The market is clearly waiting on the testimony of Comey and various other important...

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 2nd 2017

Not much more to add that hasn't already been said.  The futures still look too me like they are in a B wave up...

ES Morning Update August 25th 2016

We finally had a decent pullback yesterday and it looks to continue into this mornings' open.  But there's a ton of support just below...

ES Morning Update January 26th, 2017

So far so good.  Looks like we ended some kind of wave 3 up yesterday and should have a smaller wave 4 today and...

ES Morning Update September 12th 2017

Ok, new all time high it is... the guessing is over with!  LOL!  This morning we see the futures have hit a new all...

ES Morning Update March 18th 2016

A breakout over the shorter rising trendline happened and then sideways consolation over it happened. MACD's still have many negative divergences suggests a top is...

ES Morning Update March 1st, 2017

The futures seem to love whatever Trump said last night as the market is up nicely this morning.  Will this be a blow off...

ES Morning Update February 27th, 2017

It's a Monday gang... expect more light volume as the market waits to hear more about Trumps tax plans. "Trump is scheduled to address...

ES Morning Update December 18th 2017

It's another sunny day with not a bear in sight, with Punxsutawney Bull up early again with a smile on his face as he...

ES Morning Update May 8th 2017

Election is over now and Macron won as expected... so what's next?  Looks to me like we put in a new all time high...

ES Morning Update April 20th 2016

Still hovering around this zone, which is common at a top The MACD's don't really give much clues as they could go either way. My thoughts...

ES Morning Update April 27th 2016

Same as yesterday... just riding the trendline sideways No clue here in the MACD's as they are flatlined on most all time frames Not much to...

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 December 7th 2017

This morning isn't a whole lot different then yesterday from the looks of the futures this morning.  But, there is a difference in the...

ES Morning Update March 4th 2016

False breakout of rising wedge is putting in a topping tail candle. MACD's look ready to fall I'm going to keep it real simple as there's...

ES Morning Update February 19th 2016

Futures are going down in a channel which is also a bull flag MACD's on this 2 hour chart suggest further downside, but very controlled From...

ES Morning Update October 10th 2016

Another Monday, another rangebound day... that's todays' title! Once again the market refuses to breakdown or breakout of this rangebound trading that it's been in...

ES Morning Update September 26th 2016

Good Monday Morning everyone.  The futures are down a little this morning but they seem to be finding support at the horizontal trendline from...

ES Morning Update April 25th 2017

The futures are doing a little more follow through this morning, which should end at some point today and rollover later in the day...

Red's Daily Updates

ES Morning Update January 17th 2018

Well, it finally happened... a pullback!  It's been such a long rally up that I (and many others I'd guess) just fell asleep and...

Recent Posts