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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 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 October 30th 2019

Well, the market continues to grind higher and doesn't seem to be ready to pullback yet. It was within the range I thought it...

ES Morning Update March 14th 2017

It seems that support has broken overnight from the green rising trendline and the lower line of the rising channel.  However, I still wouldn't...

ES Morning Update December 6th 2018

It's seems that what I wrote yesterday (below) started to happen in the afterhours so I'll just add some additional thoughts this morning. Short...

ES Morning Update December 20th 2017

Futures are up this morning but they still don't look to me like they plan on making another higher high like they have done...

ES Morning Update September 16th 2019

The ES futures were down as much as 20 points Sunday night but have recovered a lot of it now this premarket Monday morning....

ES Morning Update May 10th 2017

Well, yesterday was a nail biter as the futures made a new higher high of 2400.00 versus the May 5th high of 2399.25, and...

ES Morning Update February 21st, 2017

Good Tuesday morning to everyone.  I hope all enjoyed the long weekend.  This morning I'm once again looking at the 6 hour chart for...

ES Morning Update December 17th 2019

Nice squeeze by the bulls yesterday but did you notice IWM still hasn't made a new high since the day it hit the 164.34...

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 April 19th 2016

Target area finally hit as futures run into resistance. MACD's overbought again on this 2 hour chart suggesting we rollover near the open. After over a...

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 September 26th 2018

Today we'll look as the SPY chart for clues, which too me suggest a pop higher is coming at some point soon. When you...

ES Morning Update February 12th 2016

Falling trendline of resistance will likely be hit this morning. But the MACD's on this 60 minute chart show it's getting into overbought territory. Looking at...

ES Morning Update March 5th 2019

Finally! We got our first drop! Yesterdays pop and drop was what I've been looking for to happen. It's the sign that the big...

ES Morning Update December 16th 2016

Well gang, looks like the futures are still hanging on like I suggested they might do because it's a Friday and they don't usually...

ES Morning Update July 10th 2018

  Looks like yesterdays thoughts on the bulls continuing to control the market was right as they put in another nice up day. But today...

ES Morning Update February 29th 2016

Futures found support in the 1930 area from prior consolation back on the 24th and 25th forming a horizontal trendline. It looks like it's trying...

ES Morning Update January 3rd, 2017

I hope everyone had a great holidays.  Here we are into another new year and it seems like we were partying like it's 1999...

ES Morning Update October 28th 2016

The last two days have be tough to forecast as wild intraday swings were fast and furious.  In morning update yesterday when the market...
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