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 22nd, 2017

Ok gang, we now have an almost perfect match of the MACD patterns that I spoke of yesterday.  We had the cross back to...

ES Morning Update June 17th 2019

All eyes are on the the FOMC meeting this Wednesday it seems. The market has just been trading side ways every day with little...

ES Morning Update August 24th 2016

Yesterday I gave odds of a pullback after a double top at 80% as the market rarely pushes straight through on the first hit,...

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 May 3rd 2017

The futures are down a little this morning before the open but almost flat as they are still in the trading zone created over...

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 September 25th 2017

Good Monday Morning to everyone.  The futures are down mildly this premarket but still at horizontal support, which seems unlikely to break without some...

ES Morning Update May 4th 2017

Looks like we finally got our breakout over the falling green trendline last night and have fell back to retest it this morning.  I...

ES Morning Update November 7th 2016

Happy Bear Squeeze Monday Guys! Looks likely that the multiday losing streak (9 days) that hasn't been seen in 36 years will come to...

ES Morning Update February 3rd, 2017

Ok guys, it looks like SkyNet decided to do what I guessed it was going to do yesterday and this morning.  Now we should...

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 March 18th 2016

A breakout over the shorter rising trendline happened and then sideways consolation over it happened. MACD's still have many negative divergences suggests a top is...

ES Morning Update February 27th 2018

This morning we have indeed hit the falling black trendline and stopped at it. I discussed in the chatroom that odds would favor a...

Christmas Crash Coming

This coming Monday, December 24th 2018 get prepared for a stock market crash like 1987! On Friday, December 21st I heard the closing bell ring...

ES Morning Update April 9th 2019

Yesterday was showing some life by the bears at the open but it all faded away by the close. This morning we see the...

ES Morning Update February 22nd 2019

Some small cracks in the market showed up yesterday but it still doesn't look ready to drop hard yet. Today it's probably going to...

ES Morning Update June 12th 2017

Charts look mixed this Monday morning between the SPX Cash Index and the ES Futures.  The futures look oversold and appear to be trying...

ES Morning Update May 26th 2017

Looks like the Russell and the DOW are the only one's left that haven't made a new all time high.  If they manage to...

ES Morning Update October 31st 2017

This morning we are going to look at the 6 hour chart and we can see that its' MACD's are weakening as they get...

ES Morning Update December 7th 2017

This morning isn't a whole lot different then yesterday from the looks of the futures this morning.  But, there is a difference in 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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