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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 May 18th 2016

Critical support zone looks to be tested again today in the 2030-2035 area on this 60 minute chart of the ES Futures. The MACD's are...

ES Morning Update December 2nd 2019

Welcome to December. Last night the futures were almost 10 points but now they are around flat. But they are still holding the rising...

ES Morning Update January 29th 2019

So far it's looking like Scenario number 3 is playing out (referring yesterdays post)... aka, "The Meat Grinder". However, there's one very important part...

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 August 7th 2017

Good Monday morning to everyone.  Not much to say this morning as the 60 minute charts shows no clear direction and the 6 hour...

ES Morning Update January 23rd 2020

The SPX put in a nice ritual high yesterday of 3337.77, which reminds me of the 777 train in the movie called "Unstoppable" (2010)...

ES Morning Update October 4th 2019

Yesterday we what appears to me to be a "capitulation" spike move down. It was quickly recovered and the market has been going up...

ES Morning Update August 7th 2019

Markets are down this morning, after a nice strong bounce yesterday. I don't think the bulls are done yet on this move up but...

ES Morning Update April 14th 2020

We seem to be at a crossroads right now. The market has either topped out completely from the rally up off the March 23rd...

ES Morning Update June 21st 2016

The futures pierced the falling trendline of resistance yesterday but failed to hold and dropped hard into the close.  This morning it's back up...

ES Morning Update August 13th 2019

Pretty deep down day yesterday but the moves these recent days seem to be large every day. I'm still not looking for a breakdown...

ES Morning Update March 16th 2016

Finally... the FOMC meeting day is here!  Yippee!  Aren't you tired of this crappy trendless market?  I know I am.  From the looks of...

ES Morning Update January 8th 2018

A little weakness in the futures this Monday morning but not much. This is too be expected I guess with such overbought condition right...

ES Morning Update March 7th 2017

Not much going on today from a news stand point.  The EIA petroleum Status Report is Wednesday at 10:30 am, then Jobless Claims on...

ES Morning Update October 15th 2019

We had a red close yesterday, which kills Lucy3 unfortunately. But there's another even stronger sell setting up right now, and it's targeting this...

ES Morning Update April 9th 2021

Another choppy day it seems... at least that's how it looks to start off this Friday morning. Who knows about the close? Between now...

ES Morning Update July 11th 2016

The futures are still grinding higher this Monday morning after a huge squeeze to new all time highs last Friday.  This likely because the...

ES Morning Update June 12th 2019

Yesterday was really the bears best chance to drop the market but they failed in my humble opinion, because it should have been an...

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 June 22nd 2017

Charts a mixed this morning with no clear edge for what direction the market will go today.  But just based on the last two...
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