The tentative EminiForecaster forecast for the trading week ending September 10th is now posted. (click “next week”)

We expect the market to decline next week into Wednesday PM Thursday AM area and then rise from there.

We were testing the August lows going into the end of the month.  In the last few days we have seen a relief rally to near term resistance area of 1098.  Therefore, we are expecting the market to work the range between 1100 and 1040.

Tomorrow we see some selling early in the day, probably in the first hour or so followed by an up bias for a couple hours. From around 12:20 to 2:20 Eastern there is some potential for selling followed by some buying in the next hour (though this looks weak).  The last couple hours are likely down. Remember we are going into a holiday weekend with Monday being closed. Therefore, trading might be thin and a little less predictable on that account.

Have a great weekend and a great day off on Monday.

Because of the holiday, this forecast will also stand as the official forecast for next week and there will be no change to the G-line.

As always, manage your risk prudently.  Sell near highs and buy near lows when at all possible and keep exposure minimized.

Wishing you the very best,

Rob, Vadim & Staff