EminiForecaster Blog and Update History

Accurate Stock Market Forecasts for the Emini SP and other Futures

Archive for November, 2011

EMF Official Forecast

The Tentative/Official EminiForecaster forecast for the trading week ending December 2nd is now posted.

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

We expect the market to decline into Wednesday PM. and then rise from there.

Use caution as this is a news driven market. Cycles often have less influence when a market is not trading on its own.
It is important to combine your trading with key support and resistance areas and put on trades in these areas to attempt to reduce risk.

To the upside, we are seeing the 1165 area as resistance. Above this, the 1183 area is key.  The market has a partial day on Friday and this established some support and resistance areas that may be tested, though the larger market may not be as interested in these areas that are established by small holiday traders. For this, the 1170 area is key to the upside.

To the downside, there are few areas from which to draw important support zones until much lower.  1120 is the next likely area to test. Trailing stops may be the best strategy going lower.

Use caution as rallies may be swift as late-to-enter/trapped shorts get squeezed out.  Since we are near the low of the range, selling for longer term and swing trading may not be the best move. Trading in the shorter term is likely best.

This is the official forecast for next week.

We hope you had a great holiday and are enjoying a nice long weekend!

Wishing you the very best,

EMF Team

EMF Tentative / Official Forecast

The Tentative/Official EminiForecaster forecast for the trading week ending November 4th is now posted.

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

Next week is a holiday week. The market is closed on Thursday and early close on Friday (12:15 close)

We expect the market to decline into Wedensday PM.

The forecast for this week was off due to news having to do with European Union issues. The market has been driven by this for many months, and this may continue to be the case.  When markets do not trade on their own, it makes them difficult to predict purely through cyclic means.  It is important to combine your trading with key support and resistance areas and put on trades in these areas to attempt to reduce risk.

Currently we are seeing the market in a rage of 1200 to the 1230 area.

We are currently near the low for the month. As a result there may be attempts to go higher. The likely scenario is where rallies will be swift while sell offs will be more steady. Since we are near the low of the range, selling for longer term and swing trading may not be the best move.  Trading in the shorter term is likely best.

Please also remember holiday trading can be thin.  Often the winning side (bears) will go have a nice few days off, while those in a deficit will punish themselves by continuing to work. We will see if the bulls get a hold of things in the few trading days we have next week.

There will be no update on Sunday due to the holiday schedule, so this is also the official forecast for next week.

Have a great holiday!

Wishing you the very best,

EMF Team

Sunday Forecast

The official EminiForecaster forecast for the trading week ending November
11th is now posted.

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

There are no changes to the coming week's forecast. We expect the market
to keep moving higher then pullback in the latter
part of the week.

This week we are looking for resistance to come in at around 1285 for a
test of highs. The lows can come at 47 level either in the beginning of
the
week especially if tomorrow is a down day or later in the week on the
pullback.

The momentum has been slowing down and this mini rally is running out of
steam just from looking at some indicators, so a double top next week
makes
the most sense.

Wishing you the very best,

EMF Team