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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 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 April 28th 2017

Hi everyone.  This Wednesday my Aunt Betsy (one of my mother's sister) died in the hospital around 8:30pm.  Everyone knew is was only a...

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 April 21st 2016

Not much changed since yesterday.  No clues here. MACD's are flat-lined on many time frames.  Again, no clues to the next direction. At this point gang...

ES Morning Update November 15th 2016

The futures are up slightly this morning, which I guessed would be the more likely scenario.  The falling trendline pointing to around 2170 today...

ES Morning Update April 27th 2016

Same as yesterday... just riding the trendline sideways No clue here in the MACD's as they are flatlined on most all time frames Not much to...

ES Morning Update April 4th 2016

Up again and looking ready to rollover. MACD's on this 2 hour chart also look like they want to go down. Well, here we are again...

ES Morning Update April 7th 2016

New falling trendline should stop any rally back up. Horizontal trendline has been hit 3 times and gets weaker each hit. Old falling trendline is about...

ES Morning Update April 11th 2016

ES Futures are back at that upper falling trendline of resistance for the 4th time now. MACD's are pointing up on this 2 hour chart...

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 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...

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 February 1st 2016

The futures are pulling back to the rising support area for a "possible" wave 4 down with the big squeeze up Friday being a...

ES Morning Update April 5th 2016

Futures have fallen to the first zone of support in the 2040's MACD's are into oversold areas and looking ready to turn back up. Today we'll...

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 April 20th 2016

Still hovering around this zone, which is common at a top The MACD's don't really give much clues as they could go either way. My thoughts...

ES Morning Update April 13th 2016

Futures hit 2069.25 as a high, or basically a double top from the 2071.50 high on April 4th. Bears got teased yesterday with a slight...

ES Morning Update August 15th 2017

Looks we got a little more follow-through on the upside this morning, which didn't surprise me considering the strong move up yesterday.  Plus, while...

ES Morning Update April 28th 2016

Futures did little to nothing after the FOMC minute yesterday but rallied into the close.  Afterhours they dropped in what appears to be the...

ES Morning Update April 12th 2018

Here we are this morning with basically no change from yesterday. The futures keep making triangles off the upper falling red trendline with this...
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