Last week I could not put up any reviews for the automatic E-mini forecasts because we were finishing work on the latest version of MarketWarrior 5. The charts below show the forecast review for the 5 minute chart, automatic forecast for the S&P500 E-mini. These charts were made using MW version 5.2015.6.25 and the DTN IQFeed. We are using symbol @ES#. The new MarketWarrior version has some updates for the E-mini forecasting tools and you should download this upgrade free on the MarketWarrior 5 owners page.
The first chart below shows the automatic E-mini forecast that I calculated at 10:05 AM ET on Friday June 26, 2015. The automatic forecasts will only recalculate when you make the forecast recalculate. Otherwise it will remain the same all day. This 5 minute forecast cover one day. In the forecast there are only two significant Change-In-Trend (CIT) points. The first is a top at 11:20 AM ET at the price 2102.54. The second is a bottom at 13:05 (1:05) PM ET at the price 2097.77. The rest of the CIT points in the forecast occur after the main trading session has ended.
The next chart show the E-mini price data through 3:35 PM ET. I have added a blue dotted line marking each of the two CIT points described above. The forecast top at 11:20 AM ET was very close to a actual market top. The E-mini price at this top was below the forecast price showing market weakness.
The E-mini then fell to at bottom at 1:20 PM ET. The forecast was for a bottom at 1:05 PM ET. So the forecast bottom and the actual bottom were fairly close as you can see on the chart below. The price of the E-mini was much weaker than the forecast bottom price. After the bottom at 1:20 PM ET the E-mini followed the forecast and trended up at a gradual angle similar to the forecast pattern through the end of the chart ay 3:35 PM ET.
If you think the forecast below would help you trade the E-mini there is a free trial for both MarketWarrior 5 and DTN IQFeed. You can click here to lean more.