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Reds Daily Updates

These posts are Red's daily forecast for the short term direction of the stock market.

ES Morning Update October 17th 2019

Well, the short I took on Tuesday was looking good early yesterday but then the market fell asleep and went mostly sideways the rest...

ES Morning Update February 16th 2016

Falling trendline of resistance was pierce through and now the futures just riding it. The MACD's on this 60 minute chart got overbought yesterday when...

ES Morning Update May 4th 2018

  WOW is all I can say about yesterday. Another huge drop and even bigger recovery back up. A very wild and crazy day indeed....

ES Morning Update October 23rd 2017

Another week has gone by and almost another month too.  Hard too believe how fast time flies.  Anyway, not much to say this Monday...

ES Morning Update January 2nd 2019

This coming Wednesday to Friday I expect another pullback to happen (so far, so good as the futures are down nicely this morning) but...

ES Morning Update July 9th 2019

Ok, tough call about what wave count we are in right now. The 5th wave up (Called "Micro" according to Tony Caldaro's group) has...

ES Morning Update May 14th 2018

  I hope everyone had a great weekend and enjoyed time with your mother for "Mothers Day". I don't expect much action this week in...

ES Morning Update April 25th 2016

Tough read here but support is in the 2070-2080 range. Not much help here on the MACD's either as they are flat-lined under zero. Might have...

ES Morning Update June 27th 2017

Yesterday the bulls had the advantage with the charts if only they would have allowed the futures to drop down first, but instead they...

ES Morning Update June 7th 2018

  Yesterdays' slow grind higher tacked on over 20 points... not bad, not bad at all. But I seriously doubt if the bulls can do...

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 October 12th 2018

Looks like we bottomed yesterday for the first series of waves down as the futures are bouncing back nicely this morning. Overall it's still...

ES Morning Update August 23rd 2017

This morning we see some selling in the futures market, which leaves me wondering if my call to NOT go short yesterday and wait...

ES Morning Update October 4th 2017

This morning we finally see the futures pulling back just a little, but I wouldn't expect too much downside today as the MACD's are...

ES Morning Update July 10th 2017

Futures pushed through the falling trendline of resistance over the weekend and pre-market it seems.  Now we appear to be in a consolidation mode...

ES Morning Update November 27th 2017

It's that time again... to go back to work slaving yourself away at trying to make some money trading this market successfully. Hopefully you...

ES Morning Update June 5th 2019

This morning I want to get a different view of the ES Futures so I'm looking at them upside in this chart. It keeps...

ES Morning Update February 12th 2018

The futures are up nicely this morning as the positive divergence has finally taken effect. We saw a double bottom last Friday and a...

ES Morning Update March 11th 2019

This week is a Quad Witching week where 4 different classes of assets expire, so it could be a wild one. In fact it's...

ES Morning Update October 5th 2017

Not much to add from yesterdays' post and the day before that and the before that and etc...   The futures are still climbing a...
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