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 July 15th 2019

The futures are up a little bit this morning but they are looking tired. However, there's still likely more upside coming before any decent...

ES Morning Update July 30th 2019

Nice move down this morning. But, there's a possible FP on the SPY at 8:11am showing a high of 301.46, so if that's real...

ES Morning Update September 10th 2019

Here we are gang, one day before a very important ECB meeting and the anniversary of the 911 False Flag 18 years ago. Even...

ES Morning Update August 13th 2019

Pretty deep down day yesterday but the moves these recent days seem to be large every day. I'm still not looking for a breakdown...

ES Morning Update July 10th 2019

I was a little surprised yesterday when the market broke upward through that falling trendline of resistance as I kinda thought that would happen...

ES Morning Update July 25th 2019

Yesterday I mentioned the FP on Apple but I forgot that it was already hit and fulfilled the first week of May, so just...

ES Morning Update July 24th 2019

The futures are down a little this morning but on this chart of the ES one could argue that they broke-through a falling trendline...

ES Morning Update August 23rd 2019

Wild moves in the market yesterday with a fast drop around 10am and then up the rest of the day into the close, which...

ES Morning Update August 21st 2019

Today is day three with the futures still unable to get through the falling yellow trendline. This is NOT good for the bullish case...

ES Morning Update July 29th 2019

Futures are basically flat this Monday morning but if you look closer they seem to big in a rising wedge pattern now with a...

ES Morning Update August 22nd 2019

Still not going anywhere it seems. I've been waiting for a breakout to the upside for a run up to a possible FP at...

ES Morning Update August 14th 2019

WOW! Up 400-500 points on the DOW yesterday and now this morning we are back down 400 points... insane swings. But, when you take...

ES Morning Update August 19th 2019

The futures are up nicely this morning as the bulls woke back up last Friday. But there's a lot of overhead resistance waiting for...

ES Morning Update August 28th 2019

In the chatroom yesterday I suggested that we might have started some kind of ABC move up from the Sunday night low on the...

ES Morning Update September 3rd 2019

The holiday is over now and it's time to get back to the market, which is down about 20 points currently this early Tuesday...

ES Morning Update September 13th 2019

Yesterday was a very frustrating day for the bears as the turn back down did not happen, and so far it's not looking likely...

ES Morning Update September 6th 2019

The bulls did a great job of holding the market up all day yesterday to keep the bears trapped. This morning they are continuing...

ES Morning Update August 20th 2019

The futures are set to open mostly flat this morning, which after such a strong rally up yesterday that's to be expected I guess....

ES Morning Update September 9th 2019

The weekend is gone and it's time to get back to trading... or trying to at least. This morning the futures are up a...

ES Morning Update August 12th 2019

The futures are down this morning but this is the monthly options expiration week, so I don't expect it to start the next big...

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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