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Reds Daily Updates

These posts are Red's daily forecast for the short term direction of the stock market.

ES Morning Update January 14th, 2016

Yesterday I thought we would rollover either that day or today (Thursday) for a B wave down. I thought it would be 20-30 points...

ES Morning Update March 29th 2016

The triangle I drew yesterday still seems to be in play for now with the futures hitting the bottom area of the triangle this...

ES Morning Update April 29th 2019

Oh what a beautiful morning it is here in southern Ohio where I live. But the pollen count must be high as my allergies...

ES Morning Update December 1st 2017

Man... this market is crazy!  I'd love to have been long the last few days but I wasn't unfortunately.  But who knew it was...

ES Morning Update December 7th 2016

Once again... not much going on in the market, just more chop.  Today is "Pearl Harbor Day" and my grandfather's birthday.  If he were...

ES Morning Update July 9th 2020

The bulls saved the market yesterday from losing that lower dashed green trendline in a rising channel from the March 23rd low, and made...

ES Morning Update May 15th 2018

  Yesterday was a boring day overall as not much action happened in the market. With summer time around the corner we could see several...

ES Morning Update January 30th, 2017

Good Monday Morning to everyone.  Looks like we are getting a decent pullback this morning.  I don't think it's start of any big move...

ES Morning Update August 18th 2016

Note: The 214.25 FP on the SPY from August 4th comes in around this 2141.50 low on August 2nd, which tells me it will...

ES Morning Update July 1st 2019

I was looking at going long last Friday at the close when the market was drifting down slowly into 3:30 pm, and then BAM,...

ES Morning Update June 2nd 2017

The cup and handle pattern played out yesterday and cleaned the bears out that were short from that sideways trading range of a week...

ES Morning Update April 7th 2020

WOW! What a rally yesterday! And this morning we have another strong rally happening. Clearly the wave up we are in is the medium...

ES Morning Update February 13th 2020

Many upside targets were hit yesterday, so we might have reached a top where a pullback can start. The move down in the futures...

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 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 May 31st 2019

The futures are set to open down sharply this morning as the bulls just can't seem to get anything going to the upside.  And...

ES Morning Update February 9th 2018

Well gang, the wave count I had previously went out the window with the lower low made on the SPX/SPY and Nasdaq/QQQ, while the...

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...

ES Morning Update June 13th 2019

Yesterday was certainly a boring day as the market just chopped sideways all day long. Last night afterhours though there was a fast drop...

ES Morning Update December 21st 2017

Yesterday we saw the move down I was looking for but not as deep as it should have been.  Instead it stopped in mid-air...
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