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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 March 18th 2019

Welcome to FOMC week where the market does a lot of nothing until the Fed's speak... which is this Wednesday at 2pm EST. But...

ES Morning Update February 11th 2020

Yesterday started out with a move down but it got reversed right at the open and went up from there. It traded sideways midday...

ES Morning Update September 28th 2016

Hmmm... very mixed looking charts right now on various time frames on both the SPX Cash and the ES Futures.  The 6 hour chart...

ES Morning Update June 17th 2019

All eyes are on the the FOMC meeting this Wednesday it seems. The market has just been trading side ways every day with little...

ES Morning Update October 24th 2017

We had a decent little pullback yesterday and along with the one last week we are clearly showing signs now that the bulls are...

ES Morning Update August 15th 2018

Looks like yesterdays move was indeed just a B wave up that subdivided into a smaller ABC pattern. That suggests that the current drop...

ES Morning Update April 17th 2019

Not much to say this morning that hasn't already been said. It's the same today as yesterday it appears. More grinding up. It looks...

ES Morning Update March 31st 2020

Yesterday we saw a strong move up but this morning the futures are down some as the market digests gains I'd assume. As long...

ES Morning Update June 12th 2018

  Yesterday turned out as expected... a choppy nothing day. Today could be the same, but from past times similar there's usually a drift lower...

ES Morning Update December 8th 2017

The futures are up again this morning, extending the bounce from the recent low and are now in the 61.8% retracement area.  If this...

ES Morning Update April 28th 2016

Futures did little to nothing after the FOMC minute yesterday but rallied into the close.  Afterhours they dropped in what appears to be the...

ES Morning Update April 12th 2018

Here we are this morning with basically no change from yesterday. The futures keep making triangles off the upper falling red trendline with this...

ES Morning Update August 5th 2016

The Job's Report:  "US created 255,000 jobs in July vs. 180,000 jobs expected"  Ok guys, this is very likely a "Sell the News" event. ...

ES Morning Update August 9th 2019

The futures are down some this morning but I guess that's to be expected after such a large rally yesterday. I was able to...

ES Morning Update July 17th 2019

So far this morning the market is acting kinda like you'd expect... a whole lot of nothing as it waits on more information about...

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 October 23rd 2019

Yesterday I said I really didn't have a clue on where the market was going that day, but I mentioned I might take a...

ES Morning Update July 24th 2017

Good Monday morning everyone.  The 60 minute chart here of the ES Futures is looking oversold and acting like it wants to go up. ...

ES Morning Update December 12th 2018

Last Chance To Get Short Before The Crash Yesterday the rally up stalled out shortly after the open and started to drop back. This morning...

ES Morning Update March 6th 2019

So far, so good. The market is just chopping sideways for the most part as expected. How long will this last is the question...
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