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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 March 30th 2020

Today and tomorrow are the last trading days in March. The market still looks like it did a large A down of some degree...

ES Morning Update March 1st 2016

Futures are back up again and hitting a falling trendline after rolling over and selling off some the last few hours of yesterday. MACD's got...

ES Morning Update May 23rd 2016

A lot of chop over the weekend inside this range that looks like a triangle. MACD's suggest we turn back up but they might be...

ES Morning Update November 10th 2016

Good Morning All.  No doubt we are very, very overbought now on the short term charts of the ES Futures as all of them...

ES Morning Update September 12th 2016

Last weeks' "Fall off a Cliff Friday" move really should be expected now with all the extreme manipulation on super light volume but I...

ES Morning Update January 12th, 2017

After-hours yesterday there was a nice FP on the SPY showing 226.45 and low and behold it looks like we are going to open...

ES Morning Update June 14th 2016

Futures coming into horizontal support and some prior rising trendline support MACD's very oversold but the 6 and 4 hour charts still have some room...

ES Morning Update December 12th 2016

Good Monday Morning to everyone.  Looks like we might have finally stalled out the bulls for a day at least as chart suggest a...

ES Morning Update July 3rd 2017

Good Monday morning to everyone.  This week will be a slow week most likely with a general expected float higher in the market.  Tuesday...

ES Morning Update March 15th 2018

I thought we'd hold the rising yellow trendline yesterday and start that 5th wave up but I got that call wrong as the market...

ES Morning Update September 17th 2018

Good Monday morning to everyone. I hope that it was a great weekend for you as summer gives way to fall where temperatures are...

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 December 6th 2019

Yesterday was indeed a "pause" day as the markets mostly went sideways all day long. This morning we see the premarkets rallying up some,...

ES Morning Update May 7th 2019

Yesterdays drop screwed up the big drop expected for today as now too many others are super bearish I believe. It's like Trump knew...

ES Morning Update June 7th 2018

  Yesterdays' slow grind higher tacked on over 20 points... not bad, not bad at all. But I seriously doubt if the bulls can do...

ES Morning Update July 20th 2016

Busted through the falling trendline (in green) of resistance and made a double top. MACD's still no clue on this 60 minute chart. Really not a...

ES Morning Update February 2nd, 2017

Charts are looking a little mixed this morning with the different time frames for both the ES Futures and the SPX Cash.  Pattern wise...

ES Morning Update January 7th, 2016

Not much to say here.  Markets continue down without much of any bounce.  At this point we just need to wait until the FP...

ES Morning Update October 31st 2019

Yesterday around 1:30 pm I exited my Apple shorts as I just felt that it had pulled back in front of earnings enough that...

ES Morning Update July 25th 2018

  Cracks in the wall... that the BULL WALL I'm referring too. Yesterday was the first time in a very long time that we seen...
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