The Official EminiForecaster forecast for the trading week ending July 25th. has been posted.

There are no changes to the forecast. We expect the market to decline the first couple days next week and then rise from there.

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

The volatility has been rising in recent days and this is bearish. Keep in mind the months from June 17th into about October 17th are often high volatility months (particularly in up years), so we will want to monitor the ranges closely in the coming weeks for signs of this.

Our projections for the coming week are showing 1973 above and the low end is showing 1943 as a potential target. This method operates on about the 70% probability level over time.

Monday, an open below 1961.00 is bearish. An open above 1974.25 is bullish. In between these levels is neutral and ranging is more likely.

We have a quiet report schedule next week with no reports on Monday. Be sure to check the schedule for times:

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

EMF Team