The Official EminiForecaster forecast for the trading week ending November 14th has been posted.

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

There are no changes to the forecast. We expect the market to rise from early in the week.

Cycling above the 2018 area is bullish, below it is bearish. We are currently in a bullish mode.

The volatility has been declining in recent days which is bullish and at about 15.8 points per day.  The longer term volatility continues to decline towards more normal levels.

Our projections for the coming week are showing 2073 above and the low end is showing 1981 as a potential target. This method operates on about the 70% probability level over time.

Monday, an open below 2024.50 is bearish. An open above 2029.50 is bullish. In between these levels is neutral and ranging is more likely.

We have a moderate report schedule next week with reports increasing as the week progresses.  Tuesday is a bank holiday.

EMF Team

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