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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 May 17th 2022

Ok, so we got our choppy day yesterday, which made a bull flag that has broken out this morning. But it's right up against...

ES Morning Update May 16th 2022

Nice up day on Friday, which I think continues for another day or so. Today might be a sideways consolidation day, or it could...

ES Morning Update May 13th 2022

Another wild day yesterday with the market going both directions many times throughout the day. It was enough to make you dizzy watching it....

ES Morning Update May 12th 2022

The market continues to go down more and more each day and now this Medium C Wave from the 4631 high has surpassed the...

ES Morning Update May 11th 2022

Yesterday I purposed that I was 98% sure the bottom was in and only 2% that it wasn't... clearly the 2% won out. The...

ES Morning Update May 10th 2022

Monday, bloody Monday! We did indeed get the flush out drop I was looking for yesterday with the futures and the cash dropping below...

ES Morning Update May 9th 2022

I did some deep thinking over the weekend to try and figure out why I've been flip flopping between bullish and bearish recently. I've...

ES Morning Update May 6th 2022

WOW! What a reversal yesterday. Today hard to tell as they threw out a FP yesterday morning which suggests a rally back up to...

ES Morning Update May 5th 2022

Yesterday we saw a huge short squeeze after the FOMC into the close. It went higher then I expected and is likely 90-95% finished...

ES Morning Update May 4th 2022

Clearly I was wrong on yesterday doing the final flush out drop. Instead we rallied up, and will likely continue today and put a...

ES Morning Update May 3rd 2022

One more day to go before the Fed saves the day or lets the market crash. Yesterday was certainly a wild one but today...

ES Morning Update May 2nd 2022

Another big sell off on Friday but the 4101 low is still intact. This morning we see a lot of nothing... just chop, which...

ES Morning Update April 29th 2022

A nice move up yesterday that ran into resistance dead on at the top trendline of the falling dashed yellow trendline. It backed off...

ES Morning Update April 28th 2022

Sloppy grind higher yesterday and today looks the same. I doubt if we reach the falling light blue trendline but we might reach the...

ES Morning Update April 27th 2022

Every bounce has failed as all the bulls remain trapped and the bears keep piling in short. I thought we would see an ABC...

ES Morning Update April 26th 2022

Looks like we put in a bottom at 4195 and have started a rally up... but, But, BUT! I just don't see anything bullish...

ES Morning Update April 25th 2022

The market took another beating Friday as it dropped right into the mid-4200's where my alternative count pointed to. Clearly Thursday and Friday was...

ES Morning Update April 22nd 2022

What a sell off yesterday! That was not the kind of pullback I was looking for, that's for sure. Technically the 4355 low from...

ES Morning Update April 21st 2022

The market continues to grind higher and has pushed through the falling light trendline of resistance overnight and this morning. If it holds the...

ES Morning Update April 20th 2022

All day yesterday I watched the grind higher and thought to myself... "What if the low is already in?", and why did I think...
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