The EminiForecaster tentative forecast for the trading week ending April 3rd is now posted. (click next week)

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

The cycle is showing a flat area around the 2nd to the 4th, so there is some ambiguity in that part of the cycle.

Option pricing are still skewed to a short market, but may be tipping towards bullish slightly. We will see as it forms up in the coming week or so. A case for more upside can certainly be made. As I previously mentioned, there is a good probability we are seeing an overall up cycle for a number of weeks (on the next scale up from the one we trade).

For the time being, key levels to the upside are 835 area. To the downside 788 and 765.

I will update as needed again on Sunday.

Wishing you the very best,

Rob Vadim & Staff