Article #9 Forecasting the S&P500 emini 5min chart

Below I am going to describe using the MarketWarrior 5 automatic forecast for the S&P500 E-mini using the 5 minute chart. MarketWarrior 5 can make an automatic forecast for the 5 minute and the 60 minute chart. The 5 minute charts below are using the DTN IQFeed symbol @ES#. The forecast line is the red and green line. The forecast also includes the bottom triangles with a B inside and top triangle with a T inside. Each triangle has labels identifying the time and price of the forecast top or bottom.

The forecast below was recalculated at 9:15 AM ET on Monday June 15, 2015. The forecast covers the main trading session for June 15, 2015. When I use these forecasts, I usually recalculate the forecast in the half hour leading up to the start of the main trading session, which opens at 9:30 AM ET.  When I use this forecast, I always keep in mind that some of the forecast tops end up being bottoms and some of the bottoms end up being tops. The next chart will show how this forecast worked out.


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The picture below shows the price data for this chart after the main trading session ended. The forecast shows the largest move as a rally between 9:30 AM ET and 11:35 AM ET. The largest rally during June 15 occurred between 9:50 AM ET and 11:10 AM ET. The forecast for the rest of the day after 11:35 AM ET was for a series of sideways swings. The S&P500 E-mini did move sideways through the end of the main trading session.


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