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 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 April 5th 2017

I finally made it back... sheesh, what a week it's been!  The guys took two days to get my hardwood floor in and then...

ES Morning Update April 24th 2017

Last Friday right before the market opened I was looking for a "pause" day where the market chopped sideways bouncing just under the green...

ES Morning Update May 11th 2016

Futures went through the falling trendline of resistance afterhours and has now fell back below it while riding the lower trendline of support in...

ES Morning Update January 24th 2018

Well... it shouldn't be any surprise to anyone when I say the market is up again this morning. I've never seen a market that...

ES Morning Update August 3rd 2016

Cracks in the Dam finally showed up yesterday as the market broke-down on the trading range it was stuck in for over 2 weeks. ...

ES Morning Update September 19th 2016

Good Monday Morning to everyone.  The futures so bright I gotta wear shades!  (all you 80's kids will remember that verse of a "otherwise"...

ES Morning Update October 11th 2016

Yesterday into the close I put up a chart that suggested we'd drop afterhours to the rising green trendline and then turn back up...

ES Morning Update December 18th 2017

It's another sunny day with not a bear in sight, with Punxsutawney Bull up early again with a smile on his face as he...

ES Morning Update October 24th 2016

Another week is here guys and it's hard to believe that not only is October almost over but the entire year of 2016 is...

ES Morning Update July 25th 2017

Nice turn back up afterhours and premarket.  We knew it was coming from the look of the 6 hour MACD, but I kinda wasn't...

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 February 6th 2018

WOW! Not sure there's much more I can say then that! The market basically flash crashed the last few days with yesterday being the...

ES Morning Update March 14th 2016

This zone is the gap window to gap fill area from January 2nd and it's still the area I'm expecting to see the market...

ES Morning Update May 4th 2016

Futures did rally yesterday after a midday low but fail to hold it this morning.  This throws the ABC up pattern out the window. MACD's...

ES Morning Update November 21st 2017

Looks like the inverted head and shoulders is playing out this morning in the futures as the ES has pushed through the falling red...

ES Morning Update April 10th 2018

Up, down, up, down, up, down... seems like this market is going nowhere. But we might be about ready to breakout soon. We have...

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 February 24th 2016

Futures shown 5 waves down in them from Monday's high and are resting at horizontal support MACD's on this 60 minute are at -5 area...

ES Morning Update November 8th 2016

Happy Election Day!  Be sure to go vote for Satan or Lucifer today as every vote counts... not really as only 538 "electoral" people...

Red's Daily Updates

ES Morning Update November 12th 2018

The first 11/11/11 date has past now with nothing happening. The only one left is this coming November 29th, 2018... which might be a...

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