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 13th 2019

Futures are up again this morning as the grind up continues. It's hard too be sure if the small pullback in the afternoon yesterday...

ES Morning Update January 7th, 2016

Not much to say here.  Markets continue down without much of any bounce.  At this point we just need to wait until the FP...

ES Morning Update June 29th 2017

A strong rally yesterday puts bulls back in control.  While I was looking for another lower low from Tuesdays low it seems the bulls...

ES Morning Update May 25th 2017

Well, so much for the pullback. Up again afterhours and premarket in the ES Futures. We have hit the 2410-2415 area where it should...

ES Morning Update November 5th 2018

Overall for this week I'm looking for a move up to 2800-2850 SPX at some point. I don't know the "when" part of course...

ES Morning Update February 21st 2019

Over night the SPY popped higher to 279.63 to hit and pierce the FP, but the futures are now back down below it now....

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 June 26th 2018

  Surprise, surprise! That nasty drop out of nowhere happened yesterday. And I totally missed it. It now looks to me like it was a...

ES Morning Update January 9th 2019

The market is looking very tired right now and the futures are trapped at a point of resistance. I'm still rooting for a gap...

ES Morning Update March 16th 2017

Ok gang... the Fed's raised rates as expected and the (not so much talked about) date to increase the debt ceiling expired yesterday.  What...

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 April 5th 2019

Futures are up again this morning after a nice pop at 8:30 am. It seems pretty clear they want that 2900 level, but this...

ES Morning Update June 5th 2019

This morning I want to get a different view of the ES Futures so I'm looking at them upside in this chart. It keeps...

ES Morning Update August 25th 2017

Today do not look good for the bulls as they did not go down deep enough to reset the short term overbought charts and...

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 December 4th 2018

CORRECTION: Yesterday's post for December 3rd was titled improperly for December 1st, 2018. This morning we see the futures down a little as try to...

ES Morning Update September 21st 2017

Yesterday the FOMC meeting produced a small pullback but it basically just tagged the lower rising trendline of the rising wedge the futures are...

ES Morning Update June 2nd 2016

Stuck in a triangle but looks like a "WV" pattern forming, which is bullish MACD's are flat-lined on this 60 minute chart, and the 2...

ES Morning Update December 1st 2018

The futures are up big this morning as they celebrate the trade tariffs deal getting put on ice for 90 days. As you can...

ES Morning Update April 4th 2018

Yesterday I was thinking that the move up off Monday's low is some kind of smaller wave 4, and in the chatroom I discussed...

Red's Daily Updates

ES Morning Update November 11th 2019

The futures are down some this morning and appear to be out of the rising wedge by just a hair, but one could argue...

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