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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 11th 2016

ES Futures are back at that upper falling trendline of resistance for the 4th time now. MACD's are pointing up on this 2 hour chart...

Christmas Crash Coming

This coming Monday, December 24th 2018 get prepared for a stock market crash like 1987! On Friday, December 21st I heard the closing bell ring...

ES Morning Update February 1st 2016

The futures are pulling back to the rising support area for a "possible" wave 4 down with the big squeeze up Friday being a...

ES Morning Update January 18th 2018

Another incredible move up by the bulls yesterday.  While I did believe we'd rally back up to put in a higher high I certainly...

ES Morning Update April 10th 2017

Futures look weak again this morning after a being up over 5 points Sunday night.  Good Monday morning to you as winter seems about...

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 17th 2017

Yesterday I mentioned (in the chatroom) the pattern I noticed about Fed meeting's where they delay any big move down for a couple of...

ES Morning Update January 19th, 2016

Futures are hitting the falling trendline of resistance again this morning.  Next resistance is the other falling trendline. Futures are hitting the falling trendline of...

ES Morning Update April 5th 2016

Futures have fallen to the first zone of support in the 2040's MACD's are into oversold areas and looking ready to turn back up. Today we'll...

ES Morning Update May 5th 2016

Futures hit the falling trendline of resistance afterhours and briefly pushed through it (hitting 2060) before falling back to trade sideways riding that trendline. The...

ES Morning Update August 15th 2017

Looks we got a little more follow-through on the upside this morning, which didn't surprise me considering the strong move up yesterday.  Plus, while...

ES Morning Update April 20th 2016

Still hovering around this zone, which is common at a top The MACD's don't really give much clues as they could go either way. My thoughts...

ES Morning Update October 19th 2017

Looks like the bears finally woke up as the blue rising trendline of support brokedown.  Now we need another rally into tomorrow or Monday...

ES Morning Update April 4th 2016

Up again and looking ready to rollover. MACD's on this 2 hour chart also look like they want to go down. Well, here we are again...

ES Morning Update April 7th 2016

New falling trendline should stop any rally back up. Horizontal trendline has been hit 3 times and gets weaker each hit. Old falling trendline is about...

ES Morning Update May 19th 2017

The picture is getting a little clearer now on what "I think" SkyNet is going to do.  In the past when we saw a...

ES Morning Update May 26th 2017

Looks like the Russell and the DOW are the only one's left that haven't made a new all time high.  If they manage to...

ES Morning Update April 12th 2018

Here we are this morning with basically no change from yesterday. The futures keep making triangles off the upper falling red trendline with this...

ES Morning Update February 17th, 2017

WOW guys, we actually had a red day yesterday!  Amazing... I thought it was never going to rain.  Can we get another today?  Only...

ES Morning Update April 28th 2016

Futures did little to nothing after the FOMC minute yesterday but rallied into the close.  Afterhours they dropped in what appears to be the...
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