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As far as ER2 goes, the intraday Pesavento forecast has been right on the money (I thought Larry Pesavento is a trader works for some fund, I read some of his trading books several years ago.) The ER2 map is based on thousands of fib retracements/extensions and time consideration of ER2 itself...

Intraday divergence:

Right at the bottom of the the trending channel.

Intraday divergences:

Now right at 61.8% retracement at 659.9 from HOD:

Break the center of this bullish channel could be bearish or if this channel holds, it can make a nice break.

Possible top for now for a break:

Next resistence is 655.9.

61.8% retracement from LOD 650.3

What a ride so far this morning. Time to take a break.

RSI divergences for the past 30 days:

Stochastic divergences for the past 30 days:

Not sure how many of you check divergences often during the day, I do. Today, ER2 had some major divergences.

Based on the weekly chart forecast, we have no Santa, clearly the program doesn't know we have a Christmas.

Did a little shifting in the chart to match the forecasted and the actual chart for yesterday. Without the after hour data, it also forecasted to go lower, the trading range is also very narrow (4 points). It seems to me a consolidation and possible accumulation day for tomorrow.

With the after hour trading included, a quite difference forecast result (opens at 652, low 652, and high 655, wow, a very narrow trading range). It forecasts a big drop right before 8:00 AM. I think if it really happens like that in premarket, we will take this one.

The forecast for yesterday: http://tinypic.com/view/?pic=fted6q And what really happened yesterday: http://tinypic.com/view/?pic=ftedjo

And compare it to the next day forecast (I didn't put after hour trading in it):

This daily forecast can tell you a trend, but it doesn't forecast as well as the next day forecast.

Also look at my forecast posted several days ago based on Elliott Theory. ET hits right on the money. Now I'm wondering if these many future trading systems have ET built-in and drove ER2 :D http://www.elitetrader.com/vb/showthread.php?s=&postid=894851&highlight=Elliott#post894851...