The Official EminiForecaster forecast for the trading week ending July 11th. has been posted.

Due to the holiday there is not tentative forecast this week.  We expect the market to decline the first couple days and then rise from there.  The market is in a bullish mode.  As a result we do not currently expect any big downside unless there is unexpected catastrophic news.

Cycling below the 1964 area is bearish, above it is bullish. We are currently in bullish territory.

The volatility has been declining in recent days and this is bullish and is consistent with the forecast at this time. In fact the volatility is at an annual low.  This is very bullish.

Our projections for the coming week are showing 2007 above and the low end is showing 1947 as a potential target. This method operates on about the 70% probability level over time.

Monday, an open below 1971.25 is bearish. An open above 1973.50 is bullish. In between these levels is neutral and ranging is more likely.

We have a thin report schedule next week with FOMC minutes on Wednesday.  Monday is a holiday. Be sure to check the schedule for times:

In order to view last week’s history, click here:

Enjoy the Holiday!

EMF Team