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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 September 1st 2021

We got the first move down yesterday to the 4510 area, and then the bounce back up... but it's not stopping. Seeing any downside...

ES Morning Update October 27th 2021

Higher we go it seems. Whenever the market gets close to some big even number level, that's never yet been hit, it tends to...

ES Morning Update June 8th 2021

On Monday I posted an alternative wave count in the free chatroom. I'm leaning toward it due to the strength in the market we...

ES Morning Update July 19th 2021

Last Friday I was thinking we might rally up hard and possibly hit a new all time high, but that rally (from Thursdays low)...

ES Morning Update June 1st 2021

First... let me say that my site has been going down and coming back up 2-3 times a day.  (a sign of something to...

ES Morning Update May 25th 2021

The bulls pushed through the 4200 level yesterday and are still holding above it this morning... plus they are making another bull flag. Tough...

ES Morning Update June 30th 2021

The futures are flat this morning and clearly the market is tired up here. The SPX pierced through the big round number of 4300...

ES Morning Update July 28th 2021

Yesterdays pullback was something I was hoping wouldn't happen until we reached major resistance around the 4450 area where the rising green trendline is...

ES Morning Update August 4th 2021

Nice fake out by the bulls yesterday as they drifted lower in the morning to barely take out horizontal support and then turn back...

ES Morning Update October 20th 2021

Yesterday we saw the Tiny Wave 5 up continue up all day long, and higher then I thought as I was thinking it would...

ES Morning Update July 14th 2021

So far everything is looking good for a top yesterday. It hit tough resistance and fell back over 20 points in the close... a...

ES Morning Update August 6th 2021

The futures have made a new all time high this morning, but still no major breakout yet. Time is running out for a big...

ES Morning Update October 26th 2021

The QQQ hit the FP yesterday and kept on going up without stopping. This non-stop rally is setting up for a very large drop...

ES Morning Update June 2nd 2021

Nice double top put in yesterday on the SPY and SPX, with the DOW and NDX still short of getting close. Today is looking...

ES Morning Update June 4th 2021

Yesterdays drop held support in the 4170 area and recovered as I suspected it would. Upside targets have risen now to around 4320 or...

ES Morning Update July 27th 2021

A lot of nothing yesterday as the market did an early dip and back up some into the close. This morning the pattern seems...

ES Morning Update November 8th 2021

Nothing has changed since my last update as I'm still looking for a 5-7% pullback into the end of November. The common pattern is...

ES Morning Update June 29th 2021

Yesterday we pulled back to 4264 on the ES and that was all we saw as after that the market floated back up. I...

ES Morning Update August 2nd 2021

Looks like we reached the FP this morning that I mentioned on Fridays update. It's on the QQQ and DIA as well. Basically it's...

ES Morning Update July 22nd 2021

Bulls pushed through the falling red trendline of resistance yesterday and appear to be running for a new all time high now. But the...
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