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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 February 7th, 2017

Well, looks like the futures did indeed turn back up as suggested in the chatroom yesterday that the MACD's would likely bottom afterhour/premarket and...

ES Morning Update May 12th 2017

Yesterday we did finally drop to the 2380 area of support to fulfill that "MA" pattern and then quickly recovered back up to the...

ES Morning Update December 18th 2018

So far everything seems to be going as expected. The market broken-down yesterday falling over 500 points on the DOW and is bouncing small...

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 19th 2019

Yesterdays passport code was a dud it seems as nothing much happened. I'm not expecting much today either. The bottom for that 2 day...

ES Morning Update August 4th 2017

Yesterday at the close when they dropped the market I had a gut feeling that was the signal that the NFP Report (non-farm payroll,...

ES Morning Update March 6th 2018

Here we are looking at a strong move up yesterday that is putting in a clear (and very obvious) head and shoulders pattern. In...

ES Morning Update January 6th, 2017

Not much to add that wasn't said yesterday.  The bulls are still in control and should make another run for 2270 today with good...

ES Morning Update November 30th 2018

Yesterday worked out perfectly to match up with 10/02/1987. Today needs a similar close but we need to be green instead of red. That...

ES Morning Update May 3rd 2019

The last two days produced a decent little pullback in the market and it looks like a clean ABC wave 4 down to me....

ES Morning Update January 27th, 2017

Volume today is extremely low, which is a clear sign that we've had NO exhaustion move up.  This is just consolidation and not some...

ES Morning Update June 20th 2019

Bulls are on a stampede again this morning and are within striking distance of the all time highs on some indexes but have already...

ES Morning Update April 25th 2017

The futures are doing a little more follow through this morning, which should end at some point today and rollover later in the day...

ES Morning Update November 26th 2019

Well, we finally saw the breakout on IWM yesterday as it ripped up much higher on a percentage basis compared to the rest of...

ES Morning Update May 16th 2016

Weak looking rally off the lows last week, and 60 minute MACD's ready to rollover at the open. Good Monday Morning everyone... it looks like...

ES Morning Update November 1st 2019

Yesterdays drop seems to be mostly recovered now as the premarket futures just shot up nicely from was most likely the Non-Farm Payroll Report...

ES Morning Update June 27th 2016

Looking at the futures we see a nice 50% rally happened over the weekend in an ABC up pattern.  Then we dropped back down...

ES Morning Update March 6th 2019

So far, so good. The market is just chopping sideways for the most part as expected. How long will this last is the question...

ES Morning Update November 4th 2016

Well the jobs report this morning seems to be a dud as the futures just yawned at them it appears.  I remember in the...

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,...
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