The official EminiForecaster forecast for the trading week ending June 24th is now posted.

There are no changes to the forecast. We expect the market to continue to decline into the Tuesday PM / Wednesday AM area and then rise from there.

We are seeing support in the 1246 area which is not too far from the current levels.  There is also a significant support area in the 1235.75 area.  To the upside 1286-89 is a strong resistance area.

Daily ranges have expanded substantially in recent days.  The $VIX index is now at 23.4 as of this writing, which corresponds to an 18.4 point range. It is always good to keep this in mind when placing orders as it is best to place orders where you are within that margin off a low or high when trading so stops are less likely to be hit.

Wishing you the very best,

EMF Team