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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 February 8th 2022

The market is still in a chop mode as short term overbought charts reset themselves. Trying to guess the exact date it's going to...

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 June 15th 2022

Another lower low yesterday but a nice recovery into the close at least. Today is the all important FOMC where the Fed are leaking...

ES Morning Update October 14th 2020

The high put in Monday currently seems to be the end of medium wave 1 up from the low around 3200 back on 9/24,...

ES Morning Update June 22nd 2018

  I spoke about a possibly "inverted head and shoulders" pattern setting up yesterday and that the premarket pullback to the upper trendline of the...

ES Morning Update August 5th 2021

Looks like a whole lot of nothing is continuing to go on in the market this morning. But it still looks more bullish then...

ES Morning Update December 7th 2017

This morning isn't a whole lot different then yesterday from the looks of the futures this morning.  But, there is a difference in the...

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 March 11th 2019

This week is a Quad Witching week where 4 different classes of assets expire, so it could be a wild one. In fact it's...

ES Morning Update March 22nd 2017

We got our rally yesterday but it fell short only hitting 2378 and not the 2385-2390 that I had hoped for.  And we also...

ES Morning Update April 22nd 2016

Futures found support at rising trendline but making a bear flag MACD's trying to turn back up but look weak Considering today is a Friday I'm...

ES Morning Update September 25th 2017

Good Monday Morning to everyone.  The futures are down mildly this premarket but still at horizontal support, which seems unlikely to break without some...

ES Morning Update June 8th 2022

Well, more of the same yesterday as compared to Monday, and today is probably going to repeat too. But we are in a tight...

ES Morning Update July 16th 2019

The futures are about flat this morning. The market looks tired here as everyone is turning bullish now it seems. Everywhere I look people...

ES Morning Update April 26th 2016

The Futures are just riding both of the rising trendlines of support and seem to be waiting on the FOMC meeting for a direction. The...

ES Morning Update June 17th 2019

All eyes are on the the FOMC meeting this Wednesday it seems. The market has just been trading side ways every day with little...

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 August 26th 2019

It's the wild, wild west stock market with mini-flash-crashes it seems! I've missed a lot of big moves as it just didn't see them...

ES Morning Update September 11th 2017

Looks like the bulls took control over the weekend as we have a nice gap up ready for the open this morning.  No doubt...

ES Morning Update August 3rd 2022

More chop yesterday and today doesn't look any different, but at some point we should see a breakout higher. Whether that is today or...
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