Red

User banner image
User avatar
  • Red

Posts

ES Morning Update September 17th 2024

Just a hair until the July high now on the ES, so it looks likely that it will pierce through it to run some stops. ...

ES Morning Update September 16th 2024

We are up against resistance from the falling white trendline and the horizontal prior highs around 5660-5670, so there's not much to do right now...

ES Morning Update September 13th 2024

Moving up as expected, but we are getting close to major resistance again. We should NOT get through it on the first attempt, and we...

ES Morning Update September 12th 2024

We got the pullback I was looking for yesterday, which turned out to be a higher low, which is fine for a truncated 5th wave...

ES Morning Update September 11th 2024

We could see some movement today as the CPI is out, so that could move it up or down. Then tomorrow we have the jobs...

ES Morning Update September 10th 2024

A lot of nothing yesterday, which is to be expected. There's not much to add here as we could retest the low again, meaning last...

The Hidden 666 Says The Top Is In…

The SPX cash index hit a low of 666.79 on March 6th, 2009 and put in a recent high of 5669.67 on July 16th, 2024....

ES Morning Update September 6th 2024

Today I'm going to go over the possibility that the market could have already topped. I do not lean this way though as the prior...

ES Morning Update September 5th 2024

We got pretty much what I expected yesterday... chop. I still don't see anything bullish on the short term as the weekly chart is certainly...

ES Morning Update September 4th 2024

Boy, when the market decides it's ready for a pullback it really delivers. I was looking for yesterdays move to be drawn out over 3-5...