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 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 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 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 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 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 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 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 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 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 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 June 2nd 2017

The cup and handle pattern played out yesterday and cleaned the bears out that were short from that sideways trading range of a week...

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...

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 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 October 12th 2017

Some weakness this morning but I still don't think the bulls are ready to give up just yet. I'd like to see some exhaustion...

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 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 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...

ES Morning Update April 17th 2017

Welcome back to everyone after a long 3 day weekend. Today I'll keep this short and to the point.  I'm expecting a kinda "pause"...

ES Morning Update March 24th 2017

In the chatroom yesterday I presented 3 scenario's that might play out.  One and Two were a move down today to make either a...

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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