EminiForecaster Blog and Update History

Accurate Stock Market Forecasts for the Emini SP and other Futures

Archive for July, 2011

Sunday Forecast

The official EminiForecaster forecast for the trading week ending August
5th is now posted.

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

Last week's forecast was spot on again, looks like this week the market is
going to move higher by the end of the week.

Please keep in mind that this week should be especially volatile amid debt
ceiling "debate" and a Tuesday deadline.

For us traders it doesn't matter where the market is going as long as
there is range and we are on the winning side.

This very well could be buy the rumor sell the news situation where after
initial euphoria the market can sell hard next week into 1250's or the news
will be so good that people will jump head first pushing this market to new
yearly highs.

Whatever happens we hope that our model will stay performing well into the
future.

Have a great trading week!

EMF Team

Sunday Forecast

The official EminiForecaster forecast for the trading week ending July 29th
is now posted.

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

There are no changes to the forecast from Thursday. We are down about 11
points in the nigh session and if we fail to make a new high (above 1354)
by Tuesday (forecast high) we expect a steep decline into 1300s area.

Safe trading!

EMF Team

Thursday Forecast

The tentative EminiForecaster forecast for the trading week ending July
29th is now posted.

http://eminiforecaster.com/members/membersblog/forecaster.php  (click
“Next Week”)

We are looking for the market to test recent highs of 1354-55 and then
pullback for the rest of the week next week.

This week we did not see a deep enough pullback on Monday and Tuesday and
the market has moved up to the G-line.

It would be ideal for the previously mentioned head and shoulders pattern
if we fail to reach recent high and move lower to complete left shoulder;
about 100 points.

Market has been reacting to positive earning and political roller coaster
concerning the debt ceiling debate. Politicians usually come to some kind
of mutually beneficial "solution" and against the will of the people.
Market should react no matter what the vote is. We expect increased
volatility in the market because of this and we do recommend risking less
by either trading less contracts/shares or only waiting for the best
setups/opportunities.

As always manage your risk tightly and preserve capital.  We do not
anticipate any changes to the forecast but will update on Sunday. We have
jobless claims in the am tomorrow and also Bernanke is speaking at 10 am.

Wishing you the very best,

EMF Team

Sunday Forecast

The official EminiForecaster forecast for the trading week ending July 22nd
is now posted.

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

Last week's forecast was spot on, looks like this week the market is going
to pullback early in the week and then recover by the end of the week.

If we break Friday's lows early this week we may go even lower, however
support there should indicate a reversal and continuation of this uptrend
to new highs.

If you look at the daily chart of the SP500 going back to February, you
will see that we are now forming right shoulder of a classic head and
shoulder pattern which means that the market could break out of the
neckline below 1275 for further decline.

We are still short and will see if we decide to go long mid week or just
cover, depending on how close we come to that neck line.

EMF Team

Thursday Forecast

The tentative EminiForecaster forecast for the trading week ending July
15th is now posted.

http://eminiforecaster.com/members/membersblog/forecaster.php  (click
"Next Week")

We expect the market to continue up into mid week and then decline into
the rest of the week.

Economic numbers are improving and this trend keeps on trending, however
our model is showing us a potential top around Wednesday next week.

The next logical high is 1360 and the low is 1330-25.

If you look at the weekly chart of the ES you will notice that we have
made fourth higher low, so the question is - are we going to make a new
high and continue higher or pullback after this head and shoulders
formation?

More on Sunday

Wishing you the very best,

EMF Team