EminiForecaster Blog and Update History

Accurate Stock Market Forecasts for the Emini SP and other Futures

Archive for October, 2012

EMF Official Forecast

The official EminiForecaster forecast for the trading week ending November 2nd has been posted.

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

There are no changes to the forecast.  We expect the market to rise next week all week.

We have tested the 1398 high volume area which is a likely support area as mentioned and traded higher off that level.  The market has traded lower this last week as expected and the cycle bottom is expected at this approximate level.

Next week’s report schedule is steady with reports each day of the week. This should provide some volatility. Be sure to check the reports that will impact trading next week (http://eminiforecaster.com/members/membersblog/calendar.html).  Volatility is expected as a result of the reports.

We are currently playing with a range high volume areas bounded by 1397 and 1436.  If we tag the 1398 level and go higher I will consider up movement from that level as bullish (something we just did in the after hour session, right after the close).

The minimum expected targets for the week as of right now are the 1445.50 region and the 1362 area below.

Monday, if we open above 1411 it is bullish. Below 1404 bearish. In between those levels, ranging is expected.

We have been in a multiday consolidation with the market trading in a tight range bounded by 1417 and 1397.50. If we are to cycle below this level, caution is urged. However we do expect the market to continue higher off its Friday low in line with the forecast.

Wishing you the very best,

EMF Team

EMF Tentative Forecast

The tentative EminiForecaster forecast for the trading week ending November 2nd has been posted.

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

We expect the market to rise next week all week.

We are very near the 1398 high volume area which is a likely support area.  If the market tags this area before going higher, it will be much better than if it goes higher from here. We will know more over the weekend.

The market has traded lower this week as expected and the cycle bottom is expected at this approximate level.

Next week’s report schedule is steady with reports each day of the week. This should provide some volatility. Be sure to check the reports that will impact trading next week (http://eminiforecaster.com/members/membersblog/calendar.html).  Volatility is expected as a result of the reports.

We are currently playing with a range high volume areas bounded by 1397 and 1436.  Above the 1436 level, I see us as bullish. If we tag the 1398 level and go higher I will consider up movement from that level as bullish (something we just did in the after hour session, right after the close).

The minimum expected targets for the week as of right now are the 1448 region and the 1370 area below.

Tomorrow, if we open above 1416.25 it is bullish. Below 1405.50 bearish. In between those levels, ranging is expected.

I will update these for you on over the weekend.

Wishing you the very best,

EMF Team

EMF Official Forecast

The official EminiForecaster forecast for the trading week ending October 26th has been posted.

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

There are no changes to the forecast. We expect the market to decline into the Wednesday / Thursday area and then rise from there.  Due to Friday’s large selloff, be cautious of the forecast low coming a bit early.  This is why I post minimum targets for you in the reports.

Next week’s report schedule is light in the beginning of the week and gets heavier on Wednesday, Thursday and Friday. Be sure to check the reports that will impact trading next week (http://eminiforecaster.com/members/membersblog/calendar.html).  Volatility is expected as a result of the reports.

We are currently playing with a range high volume areas bounded by 1436 and 1397.  Above the 1436 level, I see us as bullish.

The minimum expected targets for the week as of right now are the 1462.50 region and the 1414.50 area below.

Monday, if we open above 1438.75 it is bullish. Below 1425.25 bearish. In between those levels, ranging is more likely.

Wishing you the very best,

EMF Team

EMF Tentative Forecast

The tentative EminiForecaster forecast for the trading week ending October 26th has been posted.

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

We expect the market to decline into the Wednesday / Thursday area and then rise from there.

Next week’s report schedule is light in the beginning of the week and gets heavier on Wednesday, Thursday and Friday. Be sure to check the reports that will impact trading next week (http://eminiforecaster.com/members/membersblog/calendar.html).  Volatility is expected as a result of the reports.

We are currently playing with a range high volume areas bounded by 1455 and 1436.  Above the 1455 level, I see us as bullish.

The minimum expected targets for the week as of right now are the 1487 region and the 1421 area below.

Tomorrow, if we open above 1456 it is bullish. Below 1450 bearish. In between those levels, ranging is expected.

I will update these for you on over the weekend.

Wishing you the very best,

EMF Team

EMF Official Forecast

The official EminiForecaster forecast for the trading week ending October 19th has been posted.

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

There are no changes to the forecast. We expect the market to rise into Thursday and then decline from there.

Next week we have a full report schedule with reports on every day of the week, so be sure to check the reports that will impact trading next week (http://eminiforecaster.com/members/membersblog/calendar.html).  Volatility is expected as a result of the reports.

We are currently playing with a range that corresponds to a low volume area bounded by 1404 to and 1425.  We will need to break through the 1436 level in order to truly be bullish. We have another key area at around the 1397-1405 area.

The minimum expected targets for the week are the 1404.50 area below and the 1456 region above.

If we see buying Monday early on it will be bullish for the week. If we see selling, bearish.  So, if we open above 1428.75 it is bullish. Below 1420.50 bearish. In between those levels, ranging is expected.

Wishing you the very best,

EMF Team

EMF Tentative Forecast

The tentative EminiForecaster forecast for the trading week ending October 19th has been posted.

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

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

Next week we have a full report schedule with reports on every day of the week, so be sure to check the reports that will impact trading next week (http://eminiforecaster.com/members/membersblog/calendar.html).  Volatility is expected as a result of the reports.

We are currently playing with a range high volume areas bounded by 1436 and 1397.  We will need to break through the 1436 level in order to truly be bullish. We have another key area at around the 1397-1405 area. Tomorrow’s price action will tell us more.  The official forecast could change resulting from tomorrow’s price action.

The minimum expected targets for the week as of right now are the 1456 region and the 1404.50 area below.

We have some reports significant tomorrow so be aware of their potential impact.

If we open above 1430.75 it is bullish. Below 1439.00 bearish. In between those levels, ranging is expected.

I will update these for you on over the weekend.

Wishing you the very best,

EMF Team

Sunday Forecast

The official EminiForecaster forecast for the trading week ending October
12th has been posted.

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

We did see the market attempt at testing the previous 1468 high but could
barely reach it with a sell off of the rest of the day.

This week we expect the market to rise into Wednesday and then decline
from there as per forecast.

We could see another try at the high but some choppiness is expected this
week.

Monday is US Holiday: Columbus Day. Banks & Bond market closed but Stocks
will trade.

This week we have some reports, mainly on Thursday.
(http://eminiforecaster.com/members/membersblog/calendar.html).
Volatility is expected as a result on that morning.

After taking a little break after a recent rally we are looking continue
another leg up and should stay up into the end of the year.

For the downside we are looking for 1435 level and the next level after
that would be a test of 1424 low.

Wishing you the very best,

EMF Team

Thursday Forecast

The tentative EminiForecaster forecast for the trading week ending October
12th has been posted.

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

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

Current week's forecast is pretty much right on we are just not moving as
high as was expected.

Next week we should test the high of 1468 and we might even do it tomorrow
on Friday.

Monday is US Holiday: Columbus Day. Banks & Bond market closed but Stocks
will trade.

Next week we have some reports, mainly on Thursday.
(http://eminiforecaster.com/members/membersblog/calendar.html). 
Volatility
is expected as a result on that morning.

After taking a little break after a recent rally we are looking continue
another leg up and should stay up into the end of the year.

We will update levels for next week for you on over the weekend since
tomorrow can be a pretty volatile day especially with the employments
numbers coming out in the morning.

Wishing you the very best,

EMF Team