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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 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 January 14th 2020

The futures are flat this morning, so it's hard to get a good read on the market. I'd really like to see some quick...

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 December 8th 2017

The futures are up again this morning, extending the bounce from the recent low and are now in the 61.8% retracement area.  If this...

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 April 15th 2019

Here we are again without a clue on where or when the market is going to reverse back down. I'm still thinking though that...

ES Morning Update April 24th 2019

Yesterday the bulls put another hurting on the bears as they squeezed them up all morning long and went sideways the rest of the...

ES Morning Update August 30th 2018

Looks another light volume day is upon us and it should be even lighter on Friday. Today I don't expect much more action then...

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 February 12th 2018

The futures are up nicely this morning as the positive divergence has finally taken effect. We saw a double bottom last Friday and a...

ES Morning Update March 24th 2017

In the chatroom yesterday I presented 3 scenario's that might play out.  One and Two were a move down today to make either a...

ES Morning Update March 9th 2020

It sure feels like the market is crashing but technically it's not. These 1000+ point moves in one day used too be called flash...

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 1st, 2017

The futures seem to love whatever Trump said last night as the market is up nicely this morning.  Will this be a blow off...

ES Morning Update July 18th 2017

Yesterday I spoke of the blue rising trendline where the bulls needed to hit afterhours and bounce up from it or else they would...

ES Morning Update October 20th 2016

The futures failed yesterday to breakthrough the horizontal resistance around the 2145 area and this morning have reached a high of 2144.50 in the...

ES Morning Update June 1st 2018

  Yesterday the market did indeed fall to the red trendline but it fell through it and then came back up above it by the...

ES Morning Update January 17th 2020

The grind continues this Friday morning. The bulls just don't seem to ever want to rest. But a holiday is near (next Monday the...

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 August 30th 2016

Classic Bull Flag setup as yesterday the futures rallied up nicely and now have drifted down sideways a little overnight and premarket while the...
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