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 June 2nd 2016

Stuck in a triangle but looks like a "WV" pattern forming, which is bullish MACD's are flat-lined on this 60 minute chart, and the 2...

ES Morning Update July 23rd 2019

Well, the futures are up a little again today it seems. Very dull day yesterday and today might be the same? I guess you...

ES Morning Update August 8th 2019

What a nice recovery by the bulls yesterday as the bears dropped it hard early yesterday morning. This morning the bulls managed to hold...

ES Morning Update March 29th 2019

Yesterday was a little crazy with a pop higher at the open that faded and rolled over after about an hour, to then be...

ES Morning Update October 13th 2016

Ok, yesterday did the triangle move leaving us guessing about today.  Now that it's here we see it decided to continue lower and appears...

ES Morning Update August 5th 2019

Futures down big this morning, which wasn't something I was expecting. I have some longs that are going to be toast from the looks...

ES Morning Update May 15th 2019

Yesterday in the chatroom we talked about a possible FP being the upside target and I kinda thought the market might fool the bears...

ES Morning Update September 19th 2018

The futures look weak today so I would not expect the breakout to happen by the close but instead I think it needs more...

ES Morning Update March 14th 2019

More grind up yesterday was the name of the game. This morning the futures are about flat so not much clues there on where...

ES Morning Update April 12th 2016

Futures barely inside triangle and nearing the Apex.  Yesterday's brief pierce of the upper falling trendline of that triangle failed as the market dropped...

ES Morning Update July 27th 2018

  Looks like another flat day is upon this Friday morning. Clearly the markets are being held up this week. Next week is the end...

ES Morning Update July 12th 2016

1,2,3 tops then pullback Yesterday I pointed out that the common thing that the market usually does is to go up 10-20 points higher then...

ES Morning Update June 9th 2017

No matter how hard the bears try the bulls just won't give them an inch.  This morning we see the ES Futures up small...

ES Morning Update November 26th 2018

The market is in rally mode this morning. I guess the low last week was close enough to the October 29th low to call...

ES Morning Update May 13th 2016

Futures continued down afterhours but looks close to a low. MACD's are trying to come back up but might need all morning to consolidate first. ...

ES Morning Update March 1st 2019

The bulls are running hard this morning it seems with the futures up nicely. Are they going to make a higher high or lower...

ES Morning Update July 13th 2018

  Welcome to Friday the 13th guys and gals. Stay away from people named Jason is my advice for today. Yesterday I did take a...

ES Morning Update December 20th 2018

Well it's hard too believe for sure but the Fed's for the first time ever seem to be letting the market go where it...

ES Morning Update January 11th, 2016

Resistance Should roll back down at some point today and make a "higher low" while the market makes a "lower low" or a double bottom...

ES Morning Update April 24th 2018

This morning the futures have broken out of the falling black trendline that makes a triangle with the horizontal green trendline. Many now think...

Red's Daily Updates

ES Morning Update September 17th 2019

The ES futures were down as much as 20 points Sunday night but have recovered a lot of it now this premarket Monday morning....

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