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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 June 4th 2019

Yesterday around 1:26 pm there was a large volume spike on the SPY, which I posted a screenshot of the 1 minute chart in...

ES Morning Update November 19th 2018

Welcome to Thanksgiving week where volume normally dries up and the market floats up... but will it? We see the futures down small this...

ES Morning Update March 18th 2020

The market is down again this morning as it just can't seem to hold any gains. It's a bounce one day and give it...

ES Morning Update March 7th 2017

Not much going on today from a news stand point.  The EIA petroleum Status Report is Wednesday at 10:30 am, then Jobless Claims on...

ES Morning Update December 6th 2017

So far this move down looks too me like we put in an important top and change in trend.  Now I'm not saying it's...

ES Morning Update March 14th 2018

Yesterday I proposed that we could see a C wave down inside an ABC pattern to finish the smaller wave 4 down, and that's...

ES Morning Update March 9th 2021

The market isn't going straight up but it's still going up mostly like I thought it would. There's more consolidation going on under the...

ES Morning Update December 4th 2019

Yesterday did close to what I was expecting as it put in an early low and grinded up slowly the rest of the day....

ES Morning Update September 24th 2018

This week we have an FOMC meeting on Wednesday, which could keep the market in float mode with a downward bias until it's over...

ES Morning Update October 5th 2016

Yesterday in the chatroom I posed the idea that the move down from the 2168 high on 9/30 to the 2146 low on 10/3...

ES Morning Update July 15th 2016

Ok guys... finally there appears to be some weakness showing up in this bull run! Yippeeee!  As you can see for the first time...

ES Morning Update January 8th 2018

A little weakness in the futures this Monday morning but not much. This is too be expected I guess with such overbought condition right...

ES Morning Update October 14th 2019

Futures are set to open down a little this morning. It looks like a continuation of the late day pullback on Friday. If I...

ES Morning Update February 8th 2019

Yesterday was a nice start for the coming down turn in the market but I don't think the bulls are done just yet. I...

ES Morning Update February 1st, 2017

Ok guys, it's looking like we'll run into resistance from a falling trendline around the 2285 area and rollover if we hit it early...

ES Morning Update January 13th, 2017

Welcome to Friday the 13th!  A day where freaky things can happen.  Unfortunately I don't see much happening the market this morning, so I...

ES Morning Update November 1st 2016

This morning is starting to look a little more bullish as we can see some coiling action with the futures going up and back...

ES Morning Update July 1st 2021

Time sure does go by fast. We just finished the first half of 2021 and start the second half today. It will be Christmas...

ES Morning Update May 11th 2021

The pullback yesterday is too deep to be a medium wave 4 I think, or at least it's pushing the limits for that wave...

ES Morning Update October 27th 2016

What a wild day yesterday was!  While we did finally see the move up to the 2138-2140 range it dropped just as quick and...
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