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 February 24th, 2017

Friday is finally here... yippee!  At least that was what I always looked forward to as a young man in my early 20's as...

ES Morning Update February 8th 2016

  Futures at a triple bottom MACD's in oversold area. The futures finally broke-down through the 1870 area (1880 area on SPX) where it hit 4 times...

ES Morning Update June 14th 2016

Futures coming into horizontal support and some prior rising trendline support MACD's very oversold but the 6 and 4 hour charts still have some room...

ES Morning Update October 12th 2016

Afterhours last night the futures ran up to 2140, which looks to be around the 38.2% Fibonacci level.  This morning they are back down,...

ES Morning Update July 25th 2016

Futures are banging on the horizontal trendline again MACD's are turning back up on the 6 hour chart but it's hard to say on this...

ES Morning Update July 6th 2017

The bulls gave up the triangle after-hours it seems as the bears took it back down to support.  It's now looking like a nice...

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 May 16th 2017

Yippee, the bulls finally hit 2400 and scored a touchdown... it's about time!  So were are we at now?  Yesterday's strong rally, with the...

ES Morning Update September 8th 2016

Looks like afterhours we did make a slightly higher high then Tuesday but still until the 2191 all time from the 23rd of August. ...

ES Morning Update January 15th, 2016

  The futures couldn't hold the rally yesterday as you can see they tanked again this morning.  I was thinking that because it was option...

ES Morning Update December 15th 2016

Well, the Fed day is over with and rates will be raises as expected.  The futures have rolled over and now look to be...

ES Morning Update February 9th 2016

  Falling trendline is strong resistance should the market turn back up today. The line in the sand for the bulls to hold is this rising...

ES Morning Update January 27th 2016

Nice "Cup and Handle" Pattern.  Should make a lower high today on the MACD's. The MACD's on this 60 minute chart are trying to turn...

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 August 4th 2016

Back to where we were again as the futures are riding the 2160 middle area of the 2150-2170 zone that the market has been...

ES Morning Update February 27th, 2017

It's a Monday gang... expect more light volume as the market waits to hear more about Trumps tax plans. "Trump is scheduled to address...

ES Morning Update August 10th 2016

Ok gang, I'm going to keep this short and simple (as today is my 52nd birthday).  The QQQ's had a FP a few days...

ES Morning Update August 15th 2016

Here we are again it seems... another slow grind up the rising trendline.  They seem very determined to hit the 2200 level, but I'd...

ES Morning Update February 8th, 2017

Very bearish looking this morning.  It's an "MA" pattern that's formed and the right side of the "A" looks ready to drop right now. ...

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...

Red's Daily Updates

ES Morning Update July 27th 2017

Man, this market is really running on fume!  Correction... it's out of fuel and just gliding!  Various charts I look at, from the SPX...

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