The tentative EminiForecaster forecast for the trading week ending February
17th is now posted.  (click
“Next Week”)

We expect the market to make a high in the beginning of the week and then
decline thereafter.

Market has continued to push higher against our forecast this week.

Tomorrow there are some economic news out and Bernanke speaks at 12:30 so
we could see some expanded range and tomorrows levels are set at 1349 and
52.25 as highs and 1339 as a target on the down side.

Depending on what we do tomorrow next weeks levels currently are 1345-48
for resistance or highs and 13331 and next one down around 1322 as support
magnets or lows.

Some European news jitters are creating uncertainty in this market and
expanded range is expected next week. So fast and sudden moves are
especially on the radar for next week.

More on Sunday

Wishing you the very best,

EMF Team