The Official EminiForecaster forecast for the trading week ending September 19th has been posted.

http://eminiforecaster.com/members/membersblog/forecaster.php   (click “next week”)

There are no changes to the forecast. We expect the market to again rise into mid week and then decline from there.

Cycling below the 1985 area is bearish, above it is bullish. We are currently in bearish territory.

The market has been choppy and in a trading range at the retest of new highs and the cycling is relatively undefined. The volatility has been rising in recent days which is bearish and at about 16.4 points per day.  Also keep in mind the months from June 17th into about October 17th are often higher volatility months (particularly in up years) but this will typically be proceeded by higher volatility which could possibly be seeing at this time. Caution is a higher volatility environment is suggested.

Our projections for the coming week are showing 2012 above and the low end is showing 1966 as a potential target. This method operates on about the 70% probability level over time.

Monday, an open below 1973 is bearish. An open above 1982 is bullish. In between these levels is neutral and ranging is more likely.

We have a busy report schedule next week with Friday being the quietest and the most likely day for high volatility. 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
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