Article #22 Forecasting the S&P500 emini 5min chart

The charts below shows a review for the automatic MarketWarrior E-mini forecast for Monday July 13, 2015. The E-mini main trading session opens at 9:30 AM ET and I usually calculate the forecast for the day as the open approaches. I usually do not recalculate the forecast during the day but you have the option to recalculate a forecast at any time. The chart below uses the DTN IQFeed. At 9:15 AM ET I calculated the forecast seen below. The forecast covers the main E-mini trading session on July 13, 2015.


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The forecast showed a rally up to 10:05 AM ET. The actual E-mini prices rallied until 10:20 AM ET. The forecast then shows a decline until 12:25 PM ET. The actual E-mini declined until 12:55 PM ET. The forecast then showed a sideways move that ended with a top at 14:05(2:05) PM ET. The E-mini followed this path to 14:05(2:05) PM ET. After 14:05(2:05) PM ET, the forecast showed a decline and the E-mini rallied. So the last two hours of the trading day saw the forecast and the E-mini diverge.

When the forecast and the E-mini diverge, I would normally recalculate the forecast, but in this case I used just one forecast calculated at 9:15 AM ET for the whole day. In a future example, I will show a situation when I recalculated the forecast. In this case on July 13, 2015, the forecast was accurate from 9:15 AM ET to 14:05(2:05) PM ET. Look over the chart below and if you think this forecast would help you trade the E-mini, there is a free trial for both MarketWarrior 5 and DTN IQFeed. You can click here and here to learn more.


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