The official EminiForecaster forecast for the trading week ending December 11th 2009 is now posted.

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

There are no changes to the forecast. We expect the market to continue its decline into the Wednesday AM (December 9th) area and to rise from there.

We have seen some covering of recent gaps /lapses on our 10 minute chart, however we have done so fairly violently while engulfing ranges of previous days. Therefore, beware of expanding ranges that increase risk.

Key levels for the coming week are 1119 to the upside and 1085 and 1095 to the downside.  These numbers are stated in terms of the December contract but. the contract will roll to March this week (March is about 4-5 points below December, so the adjustment can be made by simple subtraction_.

As always, manage risk as a top priority.

Wishing you the very best,

Vadim, Rob & Staff