EminiForecaster Blog and Update History

Accurate Stock Market Forecasts for the Emini SP and other Futures

Archive for October, 2011

Sunday Forecast

The official EminiForecaster forecast for the trading week ending November
4th is now posted.

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

There are no changes to the Thursday forecast. We expect the market to
decline into Tuesday/Wednesday as a pullback of the current rally.

1300 is an obvious psychological resistance this and next week so we will
be watching that level carefully. Do not fight the trend however. Choose
trades with the path of least resistance. Be on the side of big money and
they are buying right now and have been.

More on Sunday

Wishing you the very best,

EMF Team

Thursday Forecast

The tentative EminiForecaster forecast for the trading week ending November
4th is now posted.

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

We expect the market to decline into Tuesday/Wedensday as a pullback of
the current rally.

The current forecast for this week is a bit off (1 day) the Friday rally
we were expecting came a day early, and what a rebound that was! Fueled by
European debt deals, last few times this happened the market usually tanked
the next day or next week. Will see if this is again a buy the rumor sell
the news situation since we have been rallying into today pretty hard.

Even though this uptrend is strong we are looking for a pullback into next
week.

1300 is an obvious psychological resistance this and next week so we will
be watching that level carefully. Do not fight the trend however. Chose
trades with the path of least resistance. Be on the side of big money and
they are buying right now and have been.

More on Sunday

Wishing you the very best,

EMF Team

Sunday Forecast

The official EminiForecaster forecast for the trading week ending October
28th is now posted.

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

There is changes to the forecast. We expect the market to push a bit
higher into Tuesday and then decline for the rest of the week.

We are in a strong uptrend but our model is showing that we will reverse
this week.

This decline this week can also be a pullback in this uptrend just to get
long again for next week. If the selling volume is low and the pullback is
not too deep we can be looking for a continuation of the uptrend into next
week.

Wishing you the very best,

EMF Team

EMF Tentative Forecast

The tentative EminiForecaster forecast for the trading week ending October 28th is now posted.

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

We expect the market to rise next week from the Monday PM / Tuesday AM area into the end of the week.

This week’s forecast had the market heading south.  A large range day on the 18th has encapsulated two days before and two days after it. As a result we are ranging and stand in the middle of that area.  We see a bit more downside between here and Tuesday and expect some upside following that.

Tentatively we see next week in a range encapsulated by 1197 and 1221.  We will update this over the weekend.

On the daily chart, we are at the top of a range with an up trend, so caution is urged above the 1230 area. There is substantial resistance at or about the 1253 to 1266 area. So, if we see this level, protect gains prudently

For tomorrow we are seeing resistance in the 1215 area and support in the 1202 area.  Breaks above the 1222 area could see as high as 1232.  The 1221-22 area seems significant.

More on Sunday

Wishing you the very best,

EMF Team

EMF Official Forecast

The official EminiForecaster forecast for the trading week ending October 21st 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.

Friday’s price action was very strong to the upside, though it did it on less than average volume.

We are seeing resistance in the 1224-1233 area.  It should take substantial effort on the part of the bulls to get through this area.  Beware of the market getting through this area on volume and/or on a closing basis. Other than that, we expect to see a decline in the coming week.

To the downside, we see the 1205 area as initial support. Beneath this we see the 1191 area.

The Market Map website puts out daily support and resistance numbers just before the open that are well worth the low cost of the service. These numbers are the result of extensive analysis in multiple time frames and methodologies that we feel are some of our best work.

For more information on the Market Map site, visit www.marketmaptrader.com

A new webinar has been posted for the MarketMap site. Visit the following to view it (10/13):

http://www.marketmaptrader.com/

This webinar covers some of the new functions we have added to the platform.

Wishing you the very best,

EMF Team

EMF Tentative Forecast

The tentative EminiForecaster forecast for the trading week ending October 21st is now posted.

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

We expect the market to decline next week all week.

We have been in a strong uptrend that continues to show signs of waning. Last week’s forecast was down, however as we had mentioned, if the market breaks out above the monthly level of 1189, the up trend should continue.  Many times the forecast dates are positioned within a cycle in such a way that the model cannot tell exactly where it is.

The current down cycle in this case appears to have already started and we expect continuation through next week.

On the support and resistance front, we are seeing a current range of 1210 to the 1185 area.

A new webinar has been posted for the MarketMap site. Visit the following to view it (10/13):

http://www.marketmaptrader.com/

This webinar covers some of the new functions we have added to the platform.

More on Sunday

Wishing you the very best,

EMF Team

EMF Offical Forecast

The official EminiForecaster forecast for the trading week ending October 14th is now posted.

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

We expect the market to decline next week all week.

This week’s forecast was incorrect and was out of sync with the larger cycle following mid week.
We are now in a strong uptrend and expect a trend change over the weekend. Be aware however this is a very strong uptrend, so the cycle going down may be weak.

As mentioned, failure to get through the 1164-1166 area on Friday would constitute a weekly breakout.  Failure at this level should get the market going lower. This area will therefore, be a major area or resistance. If it fails at some point during the week, we should go higher.

Also, 1189 is a breakout on a monthly basis. So also be aware of this level.

To the downside, we are seeing the 1128 area as support.  Below this, 1094 is key.

Wishing you the very best,

EMF Team

EMF Tentative Forecast

The tentative EminiForecaster forecast for the trading week ending October 14th is now posted.

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

We expect the market to decline next week all week.

This week’s forecast was incorrect and was out of sync with the larger cycle.
We are now in a strong uptrend and expect a trend change over the weekend.
Be aware however this is a very strong uptrend, so the cycle going down may be weak.

Tomorrow if we can get through 1164-66 on a closing basis, we will be in a breakout mode on the weekly cycle.  That area should act as resistance.
Support is in the 1132 area. For tomorrow,, if the down cycle does not start, we expect the 1132 area to hold.

More on Sunday

Wishing you the very best,

EMF Team

Sunday Forecast


The official EminiForecaster forecast for the trading week ending September
30th is now posted.

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

There is a change to the forecast. We expect the market to decline next
week all week.

Our cycle last week turned a bit early and, as anticipated, the market
struggled with the up cycle.  We expect the down cycle to continue for the
whole week.  However, since we are already through major support following
Friday's selloff, we expect some attempts against the current trend.
Virtually every cycle the model tracks is heading down right now.

In order to get higher, we will need to see the 1150 area on higher highs
and lows in order to validate a short term trend change.  If not already
short, looking for shorts on the retracements in the 1150 - 1163 area is
likely a good strategy.  Volatility is quite high, so use caution and lower
position sizing as the natural leverage of the contracts increase with high
volatility.

If we find support in the current area, we could see as high as 1175.

Above all, use caution in your exposure and money management.

If you trade intraday, then we advise taking a look at our new site;
www.MarketMapTrader.com

Wishing you the very best,

EMF Team