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

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