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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 December 5th 2016

The last few weeks have been difficult for sure, but with enough time all things get better.  Now it's time to get back into...

ES Morning Update November 16th 2016

Yesterday I suggested we would stay in the triangle and then most likely breakdown today or Thursday.  It looked good most of the day...

ES Morning Update February 9th 2016

  Falling trendline is strong resistance should the market turn back up today. The line in the sand for the bulls to hold is this rising...

ES Morning Update December 1st 2017

Man... this market is crazy!  I'd love to have been long the last few days but I wasn't unfortunately.  But who knew it was...

Morning Update November 23rd 2016

Last Wednesday the 16th of November 2016 around noon my mother had a Pontine Hemorrhagic Brain Stroke.  She died on Friday night around 10...

ES Morning Update June 14th 2017

It's still looking bullish on the 6 hour MACD's and this 60 minute MACD has hit +2.5, turned down and now pointing back up...

ES Morning Update March 9th 2016

Downward falling trendline still holding and keeping the market from making a higher high. This lower falling trendline should offer some support on the downside. The...

ES Morning Update November 24th 2017

I hope everyone had a great Thanksgiving and didn't overeat like I did yesterday because there was too much good tasting food to choose...

ES Morning Update April 8th 2016

Futures looking good for a hit of the newer falling trendline. MACD's on this 2 hour chart pointing up and are near zero now.  But...

ES Morning Update April 19th 2016

Target area finally hit as futures run into resistance. MACD's overbought again on this 2 hour chart suggesting we rollover near the open. After over a...

ES Morning Update January 11th 2021

As all of you regular readers know I rarely post over the weekend as this blog is primarily about the stock market. But I...

ES Morning Update August 22nd 2017

Yesterdays' dip down to make another lower low now appears to me like it completed the tiny 5th wave, meaning todays' move up is...

ES Morning Update December 21st 2016

More of the same is expected today guys... a slow grind up riding the black rising trendline it looks like.  Not quite a "Ground...

ES Morning Update April 29th 2016

Market hit falling trendline yesterday and rolled over into what appears to be a wave C down. MACD's are oversold here but have plenty of...

ES Morning Update April 27th 2016

Same as yesterday... just riding the trendline sideways No clue here in the MACD's as they are flatlined on most all time frames Not much to...

ES Morning Update November 6th 2017

Amazingly the futures are still riding that blue rising trendline this Monday morning after some brief dips below it over the last few days. ...

ES Morning Update April 18th 2016

Futures dropped Sunday night before the open to hit the rising trendline of support. MACD's got oversold and turned back up but look weak on...

ES Morning Update April 28th 2017

Hi everyone.  This Wednesday my Aunt Betsy (one of my mother's sister) died in the hospital around 8:30pm.  Everyone knew is was only a...

ES Morning Update April 21st 2016

Not much changed since yesterday.  No clues here. MACD's are flat-lined on many time frames.  Again, no clues to the next direction. At this point gang...

ES Morning Update November 15th 2016

The futures are up slightly this morning, which I guessed would be the more likely scenario.  The falling trendline pointing to around 2170 today...
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