Forecasting S&P500 mini 20 minute chart

Written by:
Patrick Mikula CTA
Mikula Forecasting Company
www.MikulaForecasting.com
support@MikulaForecasting.com
Copyright © 2012 by Patrick Mikula All Rights Reserved

In this post I will discuss a forecast for S&P500 mini contract for June 6, 2012 on the 20 minute chart. In this forecast I will use the short term delta indicator. This is based on the technique in the book Delta Phenomenon. The delta count used here is my personal delta count which I developed. We do not sell delta counts but working out your own delta count for any market only takes about 30 to 60 minutes of research. My delta count for the 20 minute S&P500 mini has a #1 pivot between the green and red lines. This can be seen on the first chart below which shows a previous #1 point.

The second chart shows that a #1 point occurs on June 6. I have manually added a green box marking a time window where I would expect a change in trend to occur on this 20 minute chart. I will review this forecast in a few days.

20120106_post596a.png

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20120106_post596b.png

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