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E-Mini Nasdaq Futures Volatility Forecast (13/12/2010)

The price rally towards the 2200 area that we forecasted last week did not really surprise our readers and our forecast achieved the target at the end of the week as stated in the previous week’s post.

The E-Mini Nasdaq futures prices should rise throughout the next trading days and the price is likely to hit 2500 by the end of the week.

The TGARCH plot seems to accompany our analysis since the volatility is now downward sloping and such a drop is likely to back a rally of the price. Specifically, the current volatility is 0.9% (14.2% annualised) but a decrease towards 0.6% (9.5% annualised) would not be surprising.

The staff of HyperVolatility remains bullish on the E-Mini Nasdaq, at least for the current week, and suggests you not to sell back your long positions because higher returns could be earned by Friday.

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