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 July 29th 2016

There's a song out there by Green Day called "Wake me up when September Ends"... which should be changed to July as every day...

ES Morning Update September 27th 2016

Yesterday I suggested that the 2145 trendline would hold and we'd stay range-bound between it and the 2156 overhead resistance.  Instead we pierced through...

ES Morning Update May 11th 2017

Still chopping up and down with no clear direction.  I exited my short yesterday at a breakeven on the rally back up the second...

ES Morning Update September 22nd 2016

Looks like the "WV" pattern worked out after all as the futures held the rising trendline to make the bottom point of the "A"...

ES Morning Update January 13th, 2016

C wave target next week? Possible point to hit and then rollover is this falling trendline around 1960. This 4 hour chart shows the MACD's up...

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 June 1st 2017

Finally, we saw a small pullback yesterday after I "just about" threw in the towel on it.  But, it all reversed back up into...

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 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 April 11th 2016

ES Futures are back at that upper falling trendline of resistance for the 4th time now. MACD's are pointing up on this 2 hour chart...

ES Morning Update January 11th, 2016

Resistance Should roll back down at some point today and make a "higher low" while the market makes a "lower low" or a double bottom...

ES Morning Update March 21st 2017

This morning the ES Futures appear to have crossed the falling blue trendline of resistance and are trying to straighten out the MACD's so...

ES Morning Update February 18th 2016

Futures are coming up to horizontal resistance between 1930 and the 1938 peak high while riding a rising trendline. MACD's on this 60 minute chart...

ES Morning Update August 16th 2017

Looks like we our lower high forming now on the MACD's of this 60 minute chart, which will create our negative divergence.  All we...

ES Morning Update March 6th 2017

Ok guys... it's a Monday!  What more needs to be say?  LOL!  You know the deal by now... more light volume is expected as...

ES Morning Update August 22nd 2017

Yesterdays' dip down to make another lower low now appears to me like it completed the tiny 5th wave, meaning todays' move up is...

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 October 3rd 2016

Welcome to October Gang!  Last Friday right after the close there was new "possible" FP that appeared on the SPY showing a downside target...

ES Morning Update September 2nd 2016

Well, a little up but it's really kinda a muted reaction from the NFP report.  I'm not sure what to make of it?  It...

ES Morning Update April 8th 2016

Futures looking good for a hit of the newer falling trendline. MACD's on this 2 hour chart pointing up and are near zero now.  But...

Red's Daily Updates

ES Morning Update November 20th 2017

Another week is upon us and it's also Thanksgiving week.  It should be a light volume week due to the holiday and of course...

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