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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 September 27th 2017

Looks like the bulls are running this morning, but will they put in a new all time high again, or fall short with just...

ES Morning Update July 27th 2016

The futures are back up at the overhead resistance level of 2170 again.  Seems pretty certain that they plan to push through it and...

ES Morning Update February 14th 2018

Yesterday I didn't make a post as I was working on my computer, but nothing much happened anyway so no big deal. This morning...

ES Morning Update October 12th 2016

Afterhours last night the futures ran up to 2140, which looks to be around the 38.2% Fibonacci level.  This morning they are back down,...

ES Morning Update January 31st 2020

Well the bulls held the double bottom area yesterday and rammed up hard in the close. I was certainly getting nervous that there would...

ES Morning Update February 17th, 2017

WOW guys, we actually had a red day yesterday!  Amazing... I thought it was never going to rain.  Can we get another today?  Only...

ES Morning Update September 30th 2019

Short post this morning gang. My brain isn't working yet... sorry. I was going to do a post over the weekend about the HUGE...

ES Morning Update August 9th 2018

Not a whole to say today that wasn't said yesterday. The market are again about flat and doing a whole lot of nothing this...

ES Morning Update July 31st 2018

Looks like I'm 0 for 2 the last couple of updates. I was thinking we'd be going up yesterday to around 283 on the...

ES Morning Update November 20th 2017

Another week is upon us and it's also Thanksgiving week.  It should be a light volume week due to the holiday and of course...

ES Morning Update December 8th 2016

Here we are again it seems.  Another dude news event that most though would move the market but instead we are flat this morning. ...

ES Morning Update August 30th 2017

Looking at both the SPX and the Futures charts this morning we still seem to be mixed, whereas the futures are now overbought and...

ES Morning Update April 30th 2018

  The ES Futures are up a little this morning after a tight sideways trading range on the Friday. Since today is the last day...

ES Morning Update January 3rd 2020

Well, yesterday did indeed have an early morning pullback after failing to get through the last Friday high and only making a double top,...

ES Morning Update August 24th 2017

As always SkyNet keeps me guessing.  Yesterdays' failure to produce a smaller 5th wave up, and instead dropped into a down move that appears...

ES Morning Update March 17th 2020

It finally looks like the market is calming down and stabilizing some with this morning the futures not being limit up or down. I'm...

ES Morning Update September 28th 2016

Hmmm... very mixed looking charts right now on various time frames on both the SPX Cash and the ES Futures.  The 6 hour chart...

ES Morning Update January 9th, 2017

Almost everything I see is at extremes now.  Of course the market will sometimes push a little farther to make it even more extreme...

ES Morning Update January 22nd, 2016

Futures riding the rising trendline I drew yesterday.  Resistance comes in at the falling trendline around 1900 today and the prior top at 1910...

ES Morning Update August 27th 2018

Here we go again gang... another rally at the open. I should have put two and two together and figured out that the FP...
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