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 May 29th 2019

This morning the futures are lower and have taken out the May 13th low as well. At this point the wave count puts us...

ES Morning Update March 28th 2016

This new downward sloping trendline has been hit now and the futures pulled back from it. The MACD's finally went negative Friday and are now...

ES Morning Update June 29th 2016

Market continuing to grind higher from very oversold short term levels.  However, we are getting overbought now on the 60 minute futures chart.  But...

ES Morning Update May 22nd 2017

Well, I'd love to tell all the bears out there that we are going to top out Monday or Tuesday and tank into a...

ES Morning Update January 21st, 2016

This 2 hour dipped afterhours when the 60 minute rolled over and took the futures down to 1840 area.  But it turned back up...

ES Morning Update October 14th 2016

Yesterday into the close we saw our B wave down happen that I had been talking about all day in the chatroom.  You had...

ES Morning Update June 10th 2019

This Monday morning we see the ES Futures some but they were higher last night and fell back some and are now back up...

ES Morning Update October 22nd 2018

The futures are up some this morning from being down Sunday night. Overall they are basically about where they closed on Friday. So a...

ES Morning Update August 18th 2016

Note: The 214.25 FP on the SPY from August 4th comes in around this 2141.50 low on August 2nd, which tells me it will...

ES Morning Update September 6th 2016

Well, it's been a long weekend as traders took off for labor day.  They will be coming back today to see the market pretty...

ES Morning Update November 8th 2018

Well, the bulls put on a stellar rally yesterday in relief that the midterms are over with. It's back to original target zone of...

ES Morning Update October 4th 2018

Yesterday around 2:20 pm EST the government did a FEMA test, which had me worried as every time FEMA is around a False Flag...

ES Morning Update June 6th 2018

  Looks like the bulls finally filled that gap from March 19th, but I'm still not bearish here. Like I said yesterday this slow grind...

ES Morning Update June 15th 2018

  Looks like the series of wave 1's down and wave 2's up has finally broken-down and produced a drop to the bottom of the...

ES Morning Update September 23rd 2016

The futures are pulling back some this Friday morning but so far they are finding support at the higher rising trendline I mentioned yesterday. ...

ES Morning Update December 18th 2018

So far everything seems to be going as expected. The market broken-down yesterday falling over 500 points on the DOW and is bouncing small...

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 29th 2017

A strong rally yesterday puts bulls back in control.  While I was looking for another lower low from Tuesdays low it seems the bulls...

ES Morning Update July 28th 2017

Finally... we got a nice move down.  Of course it took most everyone by surprise (including me), but it was way overdue and much...

ES Morning Update May 18th 2017

WOW! They bears certainly kicked some butt yesterday!  It was unclear at the open yesterday whether or not the 2380 horizontal support area would...

Red's Daily Updates

ES Morning Update September 19th 2019

The FOMC is now over and what I wild day it was after the minutes were released with wild swings up and down several...

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