The official EminiForecaster forecast for the trading week ending November 6th 2009 is now posted.

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

There are no changes to the forecast. We are currently seeing the market up into the Tuesday close / Wednesday open area after which expect a decline.

The market still remains increasingly volatile and the VIX increased from 25% to 30% since Thursday. We are seeing strong moves in both directions.  Typically, when this has occurred in the past, it proceeds a down market, so be cautious; the bulls and bears are in a war.

Key levels for the coming week are the 1050-1060 area to the upside. To the downside we are seeing the 1015 and 1004 areas.

As always, we suggest you to manage your risk as a top priority.

Wishing you the very best,

Rob, Vadim & Staff