EminiForecaster Blog and Update History

Accurate Stock Market Forecasts for the Emini SP and other Futures

Archive for August, 2011

EMF Official Forecast

The official EminiForecaster forecast for the trading week ending September 2nd is now posted.

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

There are no changes to the forecast. We expect the market to decline next week all week with some possible recover towards the end of the week.  Be cautious as we may be near the bottom 1/3rd of the range. So, a close above 1212 would redefine an uptrend.  However, if we start to see some selling, we could easily see new lows after the first week of September or so.

The 1189 area would be a likely resistance area for the continuance of the current downtrend we have in place, so sells below this level may be a good plan.

Last week’s forecast is on as the rally continues. We therefore expect some profit taking next week and possible selling into new lows as
previously mentioned.  The 1111 area would be a first target however (the 8/22 low). To the upside we see the 1206-1212 area. With yesterday’s high of 1188.50 being a key area to watch for in the near term.

We have been working on an intraday forecaster that has been highly praised by reviewers. This will become available soon as we are working out
some details during the beta period.  This is a remarkable tool and is particularly well suited to high volatility environments because it
operates in a smaller time dimension.  Stay tuned for more on the Market Map.

Ranges are high, so be cautious with money management.  I have been stopped only to have recoveries a number of times in the last couple weeks.
Either be prepared to have larger stops, or keep things very tight for best results.  When ranges expand it is like trading more contracts (more
leverage), so there is nothing wrong with reducing size during periods where volatility is high.

Wishing you the very best,

EMF Team

EMF Tentative Forecast

The tentative EminiForecaster forecast for the trading week ending September 2nd is now posted.

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

We expect the market to decline next week all week.  Be cautious as we have sold down and seem to be forming a base.  A close above 1212 would be definitive, but for now we are in a down trend on the higher time frame. So if we start to see some selling, we could easily see new lows after the first week of September or so.

The current forecast is on as the rally continues. We therefore expect some profit taking next week and possible selling into new lows as previously mentioned.  The 1111 area would be a first target however (the 8/22 low). To the upside we see the 1206-1212 area. With yesterday’s high of 1188.50 being a key area to watch for in the near term.  I will update these levels over the weekend.

We have been working on an intraday forecaster that has been highly praised by reviewers. This will become available soon as we are working out some details during the beta period.  This is a remarkable tool and is particularly well suited to high volatility environments because it operates in a smaller time dimension.  Stay tuned for more on the Market Map.

Ranges are high, so be cautious with money management.  I have been stopped only to have recoveries a number of times in the last couple weeks.  Either be prepared to have larger stops, or keep things very tight for best results.  When ranges expand it is like trading more contracts (more leverage), so there is nothing wrong with reducing size during periods where volatility is high.

More on Sunday

Wishing you the very best,

EMF Team

Sunday Forecast

The official EminiForecaster forecast for the trading week ending August
26th is now posted.

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

Thursday forecasts will resume this week as usual, as well as daily
alerts.

Last week market took a turn mid week and the forecast became wrong.

This week we are looking for the market to test lows and then bounce.

We expect the volatilty to increase this week so please keep your risk
low.

Have a great trading week!

EMF Team

Sunday Forecast

The official EminiForecaster forecast for the trading week ending August
19th 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 even higher by the end of the week after taking a little
break.

Market has been in a very volatile state lately we hope that you had
reduced your share size and didnt get beat up.

We are looking for the high to come in at around 1215 level.

US situation is not getting any better for now and the market is on the
move amid FEDs positive comments about saving this market and the economy.

If we manage to move higher this week, we may form a strong bear flag and
continue down to new lows.

Have a great trading week!

EMF Team

Sunday Forecast

The official EminiForecaster forecast for the trading week ending August
12th is now posted.

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

Last week forecast was overpowered by the massive market drop and late
Fridays credit rating downgrade has sent futures down another 2%.

We personally believe that a bounce this week is very likely and it is
supported by this weeks forecast from our model.

We should see 1200 by mid week and possibly 1240s if this is was sell the
rumor buy the news.

As we have previously suggested we were forming a head and shoulders
pattern on daily chart going back to February, it is now realized and we
should bounce back to the neck line of 1250.

Bet small this week, volatility is more than doubled.

EMF Team