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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 November 22nd 2021

Still not much going on here in the market. I didn't do a post on Friday as there wasn't much to say and this...

ES Morning Update November 18th 2021

Still in a holding pattern it seems. If you watched Peter's video yesterday then you know we have still have one more push higher...

ES Morning Update November 17th 2021

This new video by Peter Eliades is very much worth watching. He's looking for one more slightly higher high and then the end of...

ES Morning Update November 16th 2021

The market is still refusing to rollover, but this is common really... at least at an important top. It acts similar to the week...

ES Morning Update November 15th 2021

This week is of course the monthly option expiration week, or more commonly referred to as OPEX. Normally it's a bullish week but I'm...

ES Morning Update November 12th 2021

Today is Friday, and the typical pattern is to rally into the close. That might not play out this time around as the technicals...

ES Morning Update November 11th 2021

So far so good. The market did a nice move down yesterday and was as much as 40 or more points down before bouncing...

ES Morning Update November 10th 2021

The market finally appears to have topped (for now) and is likely starting the pullback (or correction) phase. It should be slow in the...

ES Morning Update November 9th 2021

The Pause Before The Storm? Nothing has changed again it seems... literally I mean, as the market didn't move up or down but an inch...

ES Morning Update November 8th 2021

Nothing has changed since my last update as I'm still looking for a 5-7% pullback into the end of November. The common pattern is...

ES Morning Update November 5th 2021

The market didn't disappoint yesterday as the bulls got it up into the "10-20 points over or under" a large even number level (4700)...

ES Morning Update November 4th 2021

Yesterdays FOMC didn't disappoint as although I wanted to see a sharp drop it instead did the same ol' pattern that most meeting do......

ES Morning Update November 3rd 2021

Today is "the day" for top to appear and the market to start the 5-7% pullback. The FOMC meetings have be total "dud's" for...

ES Morning Update November 2nd 2021

The market is clearly waiting on the Fed to speak tomorrow at the FOMC meeting. Nothing has changed as everything is still very overbought...

ES Morning Update November 1st 2021

NOTE: I didn't have time for the weekend post... maybe next week? We are so close to a big drop I can just taste it...

ES Morning Update October 29th 2021

The market yesterday got really close to making a new all time high but stopped shy just hair from it, which I find super...

ES Morning Update October 28th 2021

The market finally started to pullback some yesterday near the close. It should be the start of the wave 4 down, which is a...

ES Morning Update October 27th 2021

Higher we go it seems. Whenever the market gets close to some big even number level, that's never yet been hit, it tends to...

ES Morning Update October 26th 2021

The QQQ hit the FP yesterday and kept on going up without stopping. This non-stop rally is setting up for a very large drop...

ES Morning Update October 22nd 2021

Dancing around the top to close out the week is the theme for today. I still do not see any strong breakout and run...
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