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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 April 30th 2021

A tricky move by SkyNet yesterday as the gap up hit my 10-20 points over an even number level, then sold off into midday,...

ES Morning Update April 29th 2021

Yesterday ended up as another dud day, not really surprising. But this morning we see the futures up nicely. If this continues into early...

ES Morning Update April 28th 2021

Today is the third day of this sideways consolidation, with no real movement expect until after the 2pm EST FOMC Meeting. I suspect that...

ES Morning Update April 27th 2021

A whole lot of nothing yesterday and this morning is starting off the same way it seems. Again, the market is just waiting on...

ES Morning Update April 26th 2021

We got the squeeze I was looking for on Friday as I flipped back to bullish due to the bears failure to break support....

ES Morning Update April 23rd 2021

Yesterday certainly was a tricky one with the grind higher all day until Bidens new tax plan was announced... then the market tanked. But...

ES Morning Update April 22nd 2021

Yesterdays rally was too much to be a small wave 4 inside a large A wave down. So in my opinion the large A...

ES Morning Update April 21st 2021

Everything is going as expected now, as least as far as the secondary scenario as the primary one of a crash of 55% is...

ES Morning Update April 20th 2021

Bulls must have read my post yesterday as they killed the sell signal with the move down this morning. At this point I'm going...

ES Morning Update April 19th 2021

What a rarity this morning... a RED premarket! LOL. But seriously it's been going up for so long now that seeing any pullback is...

ES Morning Update April 16th 2021

Bulls rallied up yesterday in resistance around the 4165-4170 ES and hit a brick wall. But this morning in the premarket they are pushing...

ES Morning Update April 15th 2021

Yesterday all was going as normal until the second half of the day when the market dropped around 30 points into the close after...

ES Morning Update April 14th 2021

This is starting to sound like a broken record but still nothing has changed. The market continues to grind higher a little bit each...

ES Morning Update April 13th 2021

Not really much to say this morning. Yesterday was boredom-fest day that produced next to nothing on any movement up or down. Today it...

ES Morning Update April 12th 2021

Afterhours last Friday at 7:57 pm EST we got a possible FP on the DIA, which is for a low of 333.47 (notice the...

ES Morning Update April 9th 2021

Another choppy day it seems... at least that's how it looks to start off this Friday morning. Who knows about the close? Between now...

ES Morning Update April 8th 2021

Yesterday was of course a complete dud as the market didn't move much at all and failed to trigger the big short I was...

ES Morning Update April 7th 2021

Today is the big day where we could see a blow off top, but right now it's looking unlikely as the futures are flat...

ES Morning Update April 6th 2021

Yesterday was another bear slaughter as the hunters enjoy bear season for another day. They wiped out a ton of bears in the move...

ES Morning Update April 5th 2021

The markets continue to grind higher this morning, which is great for the bearish setup I'm hoping will form in the next couple of...
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