E-Mini Nasdaq Futures Volatility Forecast (20/02/2011)

The last week our forecasts generated a target price close to the 2,390 points and effectively the market closed at 2,395. Another great and most importantly profitably trade!!!

The current volatility is around 0.78% (12.3% annualised) and it is exactly the same figure we gave you the last week because the TGARCH plot did not move from that point.

The market should keep rising even during the next week because the volatility should remain almost stable and the VXN Index should continue to decrease over the next trading days.

On the other hand, the E-Mini Nasdaq futures are very close to experience a retracement because the volatility will tend to get back up again and probably the explosion will be as violent as unexpected.

The staff of HyperVolatility is still moderately bullish on E-Mini Nasdaq futures and we will try to place some longs because the price should hit 2,420-2,430 points by the end of the next week. However, we are going to monitor the market constantly because we believe that a drop is on its way and US market movers could be the starting point.

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