The Official EminiForecaster forecast for the trading week ending August 29th has been posted.

http://eminiforecaster.com/members/membersblog/forecaster.php

There are no changes to the forecast. We expect the market to rise for the first couple days an then decline from there.

Cycling below the 1981 area is bearish, above it is bullish. We are currently in bullish territory.

The volatility has continued to decline in recent days and this is bullish. Also keep in mind the months from June 17th into about October 17th are often higher volatility months (particularly in up years).

Our projections for the coming week are showing 2028 above and the low end is showing 1945 as a potential target. This method operates on about the 70% probability level over time.

Monday, an open below 1985.25 is bearish. An open above 1988.75 is bullish. In between these levels is neutral and ranging is more likely.

We have a moderately busy report schedule next week with no reports on Wednesday. Be sure to check the schedule for times: http://eminiforecaster.com/members/membersblog/calendar.html

In order to view last week’s history, click here: http://eminiforecaster.com/history.html

EMF Team