The Official EminiForecaster forecast for the trading week ending October 3rd has been posted.

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

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

Cycling below the 1975.50 area is bearish, above it is bullish. We are currently neutral.

The volatility has been rising in recent days which is bearish and at about 24 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 we are seeing at this time.

Our projections for the coming week are showing 2004 above and the low end is showing 1932 as a potential target. This method operates on about the 70% probability level over time.

Monday, an open below 1963.50 is bearish. An open above 1979.50 is bullish. In between these levels is neutral and ranging is more likely.

We have a busy report schedule next week with reports on each day of the week. 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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