The Official EminiForecaster forecast for the trading week ending October 10th has been posted.

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

There are no changes to the forecast. We expect the market to decline into mid week and then rise from there. If tomorrow is not an up day the official forecast could change.

Cycling below the 1952 area is bearish, above it is bullish. We are currently slightly bullish.

The volatility has been rising in recent days which is bearish and at about 25.75 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 1966 above and the low end is showing 1934 as a potential target. This method operates on about the 70% probability level over time.

Monday, an open below 1956 is bearish. An open above 1963 is bullish. In between these levels is neutral and ranging is more likely.

We have a fairly thin report schedule next week with no reports on Monday or Friday of any substance and FOMC minutes 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

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