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 September 9th 2016

What a shocker to wake up this morning and see a bearish pattern actually play out! The futures are right into that lower falling...

ES Morning Update April 6th 2016

Head And Shoulders on this 2 hour chart MACD's are mixed between the 6 hour, 4 hours, 2 hour and 60 minute charts. With the FOMC...

ES Morning Update April 21st 2016

Not much changed since yesterday.  No clues here. MACD's are flat-lined on many time frames.  Again, no clues to the next direction. At this point gang...

ES Morning Update March 18th 2016

A breakout over the shorter rising trendline happened and then sideways consolation over it happened. MACD's still have many negative divergences suggests a top is...

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 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 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 October 4th 2016

Hmmmmm... today looks like crap for figuring out which direction the market is going to go.  Early charts look slightly bearish, so it's possible...

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 May 24th 2016

Breaking out of the triangle now, but could backtest it and then continue back up. MACD's on this 60 minute chart pointing up and the...

ES Morning Update February 1st, 2017

Ok guys, it's looking like we'll run into resistance from a falling trendline around the 2285 area and rollover if we hit it early...

ES Morning Update July 21st 2016

Another day, same story... the bears are sleeping very deeply now as the bulls are resting trying to decide if they want to continue...

ES Morning Update October 31st 2016

Happy Halloween Everyone... Today I'd normally say the expected light volume would all the market to float higher but with the reopening of the...

ES Morning Update January 20th, 2016

The Futures did a flip this time around and sold off afterhours instead of rallying up and becoming overbought like they have done the...

ES Morning Update March 24th 2016

Looks like the overhead resistance was too much for the bulls as the market finally gave rolled over yesterday.  I'd like to see a...

ES Morning Update January 4th, 2017

Here we are again, back up at the same zone as if yesterdays' pullback never happened.  That's typical for the light volume periods I...

ES Morning Update June 30th 2016

Futures finally ran into some resistance and seem too be taking a pause for now. MACD's are pointing down finally from getting very overbought yesterday. Today...

ES Morning Update April 20th 2017

Up, down, up, down, up, down... kinda makes me dizzy!  It's funny how the market can go straight up for days on end but...

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 May 13th 2016

Futures continued down afterhours but looks close to a low. MACD's are trying to come back up but might need all morning to consolidate first. ...

Red's Daily Updates

ES Morning Update April 21st 2017

We finally got our breakout to the upside yesterday, which I think will continue into next week as the futures make another run for...

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