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 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 April 12th 2016

Futures barely inside triangle and nearing the Apex.  Yesterday's brief pierce of the upper falling trendline of that triangle failed as the market dropped...

ES Morning Update February 26th 2016

Futures now appear to be in the 5th wave up inside a C up that started at the 1920 low on 02/25.  The A...

ES Morning Update July 26th 2017

Still grinding higher a little each day it seems.  Today is the FOMC day so we might see some action after the minutes but...

ES Morning Update February 2nd 2016

Futures broke rising support and now look like they are headed down to around 1900 where the next support is. MACD's on this 2 hour...

ES Morning Update August 7th 2017

Good Monday morning to everyone.  Not much to say this morning as the 60 minute charts shows no clear direction and the 6 hour...

ES Morning Update April 19th 2016

Target area finally hit as futures run into resistance. MACD's overbought again on this 2 hour chart suggesting we rollover near the open. After over a...

ES Morning Update December 5th 2016

The last few weeks have been difficult for sure, but with enough time all things get better.  Now it's time to get back into...

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 September 14th 2017

Today we'll look at the 6 hour chart as it shows clearly how overbought the market is up at this level.  We can see...

ES Morning Update April 8th 2016

Futures looking good for a hit of the newer falling trendline. MACD's on this 2 hour chart pointing up and are near zero now.  But...

ES Morning Update November 16th 2016

Yesterday I suggested we would stay in the triangle and then most likely breakdown today or Thursday.  It looked good most of the day...

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...

Morning Update November 23rd 2016

Last Wednesday the 16th of November 2016 around noon my mother had a Pontine Hemorrhagic Brain Stroke.  She died on Friday night around 10...

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 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 19th, 2016

Futures are hitting the falling trendline of resistance again this morning.  Next resistance is the other falling trendline. Futures are hitting the falling trendline of...

ES Morning Update December 21st 2016

More of the same is expected today guys... a slow grind up riding the black rising trendline it looks like.  Not quite a "Ground...

ES Morning Update January 13th, 2016

C wave target next week? Possible point to hit and then rollover is this falling trendline around 1960. This 4 hour chart shows the MACD's up...

ES Morning Update May 5th 2016

Futures hit the falling trendline of resistance afterhours and briefly pushed through it (hitting 2060) before falling back to trade sideways riding that trendline. The...

Red's Daily Updates

ES Morning Update September 17th 2019

Looks like the futures are basically flat this morning. Not much to add today that hasn't already been said. The market is waiting on...

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