The official EminiForecaster forecast for the trading week ending November 20th 2009 is now posted.

There are no changes to the forecast. We are currently seeing the market up into the November 17th-19th area after which we see a decline.

We have two cycles with topping formations.  One on the 17th and the other on the 19th.  Typically these patterns form near the open of the day, so we could see the topping in the zone between the 17th open (Tuesday AM) and the 19th open (Thursday AM) area.

Key levels for the coming week are the 1103 and 1117 areas to the upside. To the downside we are seeing the 1070 and 1060 areas.

As always, we suggest you to manage your risk as a top priority as we seem to be changing our overall market bias at this time from bullish to bearish.

Wishing you the very best,

Vadim, Rob & Staff