Here is a review of the 60 minute chart forecast for the S&P500 E-mini covering June 15, 2015. The chart below shows the 60 minute chart for the E-mini through 8:00 AM ET. I am using the symbol @ES# from DTN IQFeed. MarketWarrior 5 will make an automatic forecast for the 60 minute S&P500 E-mini. At approximately 8:55 AM ET I calculated the forecast for the first time this week. On the chart below, I have drawn a red box identifying the forecast area for Monday June 15, 2015. The forecast for Monday shows a small range for the day and only two small Change-In-Trend (CIT) points. The CIT points are so small the indicator did not automatically label them so I have manually added the labels. The label “11AM” is added to a bottom forecast. The label “3PM” is added to a top forecast. The overall forecast for Monday June 15, 2015 is for an up day with a small range.
The picture below shows what happen on the 60 minute chart for the E-mini on June 15, 2015. The main pattern for the day saw a rally from 9 AM ET to 1 PM ET and the over all day had a small range. The forecast pattern was correct with the CIT points each being off by two bars.