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 August 3rd 2016

Cracks in the Dam finally showed up yesterday as the market broke-down on the trading range it was stuck in for over 2 weeks. ...

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 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 June 17th 2016

Bulls ran it up yesterday and continued after-hours until they hit horizontal resistance around 2075 where they rolled over and appear to be putting...

ES Morning Update February 6th, 2017

Good Monday Morning to everyone.  I hope you're not too hung over from beer, pizza, and the super bowl.  But if you are... no...

ES Morning Update May 5th 2017

The futures are up this morning hitting some horizontal resistance and an old rising trendline of resistance.  Not much more to add here as...

ES Morning Update April 18th 2016

Futures dropped Sunday night before the open to hit the rising trendline of support. MACD's got oversold and turned back up but look weak on...

ES Morning Update August 22nd 2016

Futures are still stuck in a sideways trading range as nothing has changed.  We've been in this range since August 5th and in another...

ES Morning Update March 8th 2016

New falling trendline of resistance should. MACD's on the 6 hour chart are drifting now and suggests that this 60 minute MACD won't have much...

ES Morning Update April 19th 2017

Overnight the futures broke-through the falling trendline of resistance and now appear to be in a C wave up.  And this is the extension...

ES Morning Update July 24th 2017

Good Monday morning everyone.  The 60 minute chart here of the ES Futures is looking oversold and acting like it wants to go up. ...

ES Morning Update January 30th, 2017

Good Monday Morning to everyone.  Looks like we are getting a decent pullback this morning.  I don't think it's start of any big move...

ES Morning Update October 13th 2016

Ok, yesterday did the triangle move leaving us guessing about today.  Now that it's here we see it decided to continue lower and appears...

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 August 30th 2017

Looking at both the SPX and the Futures charts this morning we still seem to be mixed, whereas the futures are now overbought and...

ES Morning Update April 7th 2017

Tough chart to figure out this morning.  The futures dropped overnight just under 20 points from the news of Trump attacking Syria but recovered...

ES Morning Update March 7th 2016

MACD's on this 60 minute chart are trying to turn back up.  The first support is from the rising trendline around 1980 current.  The...

ES Morning Update January 5th, 2017

Ok gang, as you can see the bulls have pushed above the yellow trendline of support and the black trendline of support that was...

ES Morning Update February 19th 2016

Futures are going down in a channel which is also a bull flag MACD's on this 2 hour chart suggest further downside, but very controlled From...

ES Morning Update March 3rd, 2017

Yesterday we found support at the black rising trendline and today we see it's fallen further to hit the yellow rising trendline where it's...

Red's Daily Updates

ES Morning Update September 21st 2017

Yesterday the FOMC meeting produced a small pullback but it basically just tagged the lower rising trendline of the rising wedge the futures are...

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