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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 15th 2022

Futures are up nicely this morning but certainly not out of the woods yet. They could drop back again to close this gap up,...

ES Morning Update July 23rd 2018

  This week there's a lot of earnings out so it could be some wild action on stocks with earnings, and the market itself might...

ES Morning Update September 20th 2016

The futures are up again this morning after losing their move up yesterday morning around midday as they failed to get through horizontal resistance...

ES Morning Update December 10th 2021

Yesterday looked like the completion of a wave 4 pullback inside this medium B wave rally from the triple bottom lows last week. It's...

ES Morning Update September 26th 2019

The "possible" FP of 298.38 from afterhours on Tuesday is now hit this premarket morning and will likely be hit shortly after the open...

ES Morning Update October 3rd 2016

Welcome to October Gang!  Last Friday right after the close there was new "possible" FP that appeared on the SPY showing a downside target...

ES Morning Update February 7th 2020

The SPX and DOW both made new all time highs yesterday and are backing off a little this morning. There's still a chance they...

ES Morning Update August 2nd 2019

Double WOW this morning as yesterday produced not only a strong squeeze up but another even larger drop. What's next I wonder? From a...

ES Morning Update September 8th 2020

I hope everyone enjoyed the extra day off for Labor Day. It's now back to work though and trying to figure out this market...

ES Morning Update February 24th 2021

The drop yesterday does now look like it ended some ABC move down. It was a sharp reversal off that bottom and it should...

ES Morning Update September 8th 2016

Looks like afterhours we did make a slightly higher high then Tuesday but still until the 2191 all time from the 23rd of August. ...

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 March 12th 2019

The bulls did indeed win yesterday as they rallied hard all day long. Glad I was leaning bullish and not bearish... LOL! So what...

ES Morning Update July 20th 2021

We dropped yesterday lower then I was expecting and I went long too early. But finally did appear to bottom and start back up...

ES Morning Update February 13th 2020

Many upside targets were hit yesterday, so we might have reached a top where a pullback can start. The move down in the futures...

ES Morning Update January 17th 2019

The bulls did a good job yesterday of grinding up higher throughout the day and still closed green even though they gave back some...

ES Morning Update September 26th 2017

This morning we are going to look at the 6 hour chart where we see a nice turn back up forming.  I've drawn a...

ES Morning Update December 10th 2020

Nice move down yesterday. Looks like we are headed for that rising purple trendline afterall. I think it's a wave 4 down of some...

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 October 1st 2018

The futures are up this morning nicely over 14 points I write this morning update. This should be the final 5th wave up to...
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