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 March 22nd 2017

We got our rally yesterday but it fell short only hitting 2378 and not the 2385-2390 that I had hoped for.  And we also...

ES Morning Update April 13th 2017

Still drifting lower but not enough for me to call think they flushed out all the bulls.  It's hard too get excited about going...

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 February 17th, 2017

WOW guys, we actually had a red day yesterday!  Amazing... I thought it was never going to rain.  Can we get another today?  Only...

ES Morning Update November 2nd 2016

Looks like we should rally some today.  I got yesterdays' call wrong thinking we'd chop around while waiting on the FOMC meeting today but...

ES Morning Update June 13th 2016

Futures are trying to turn back up as they ride a falling trendline and are into horizontal support MACD's are oversold and turning back up...

ES Morning Update May 20th 2016

Futures are at the shorter falling trendline of resistance and if they breakthrough it they should go to the upper falling trendline around 2057.50 The...

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 November 14th 2016

This Monday morning we see the ES Futures about flat.  Over the weekend they bust up through the falling green trendline of resistance and...

ES Morning Update May 12th 2017

Yesterday we did finally drop to the 2380 area of support to fulfill that "MA" pattern and then quickly recovered back up to the...

ES Morning Update December 12th 2016

Good Monday Morning to everyone.  Looks like we might have finally stalled out the bulls for a day at least as chart suggest a...

ES Morning Update March 4th 2016

False breakout of rising wedge is putting in a topping tail candle. MACD's look ready to fall I'm going to keep it real simple as there's...

ES Morning Update March 6th 2017

Ok guys... it's a Monday!  What more needs to be say?  LOL!  You know the deal by now... more light volume is expected as...

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 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 March 7th 2017

Not much going on today from a news stand point.  The EIA petroleum Status Report is Wednesday at 10:30 am, then Jobless Claims on...

ES Morning Update May 4th 2017

Looks like we finally got our breakout over the falling green trendline last night and have fell back to retest it this morning.  I...

ES Morning Update July 15th 2016

Ok guys... finally there appears to be some weakness showing up in this bull run! Yippeeee!  As you can see for the first time...

ES Morning Update August 19th 2016

The Futures ran up into multiple trendlines of resistance after-hours and couldn't breakthrough. Looking at various charts and time frames this morning I don't see...

ES Morning Update April 14th 2016

On this Daily chart we can now see the next resistance levels. The MACD's are curling up here and should make a lower high.  They...

Red's Daily Updates

ES Morning Update May 26th 2017

Looks like the Russell and the DOW are the only one's left that haven't made a new all time high.  If they manage to...

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