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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 October 2nd 2018

Yesterday was the first sign of weakness I've seen in awhile. But if you wasn't watching the tape all day and only seen the...

ES Morning Update August 15th 2019

The market is getting wilder and wilder it seems as moves up and day are crazy, swinging from 500 points up to 800 points...

ES Morning Update August 9th 2017

Yesterday I suggested that the MACD's on the 60 minute chart of the SPX cash would turn back up probably on Wednesday or Thursday...

ES Morning Update May 25th 2016

Pierced through the 2080 horizontal resistance overnight, and now that level will act as support. The MACD's on the 2, 4, and 6 hour charts...

ES Morning Update January 16th 2020

Well, I hate to repeat myself so many times, but the market is up again this morning... not huge, but up never the less....

ES Morning Update June 14th 2017

It's still looking bullish on the 6 hour MACD's and this 60 minute MACD has hit +2.5, turned down and now pointing back up...

ES Morning Update April 29th 2016

Market hit falling trendline yesterday and rolled over into what appears to be a wave C down. MACD's are oversold here but have plenty of...

ES Morning Update March 24th 2017

In the chatroom yesterday I presented 3 scenario's that might play out.  One and Two were a move down today to make either a...

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 May 8th 2018

  Ok, yesterday looks to have ended the wave 3 up and this mornings' low could be the wave 4 down... leaving wave 5 up...

ES Morning Update December 11th 2018

Ok gang, looks like the market is indeed going to make that left side of the "A" of an "M A" pattern. I discussed...

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 December 27th 2019

So much for the pullback I was looking for as new all time highs were made at the last minute yesterday on all the...

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 September 28th 2017

Today we'll look back again at the 6 hour chart and we see now that the MACD's did turn up as expected and are...

ES Morning Update May 23rd 2016

A lot of chop over the weekend inside this range that looks like a triangle. MACD's suggest we turn back up but they might be...

ES Morning Update June 23rd 2016

Futures broke out to the upside from the pennant flag I mentioned yesterday. MACD's pushing back up but not overbought currently. Well, today is the day...

ES Morning Update June 1st 2018

  Yesterday the market did indeed fall to the red trendline but it fell through it and then came back up above it by the...

ES Morning Update October 14th 2019

Futures are set to open down a little this morning. It looks like a continuation of the late day pullback on Friday. If I...

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...
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