THE VULCAN REPORT Review of E-mini S&P 500 (ES) as of Friday, May 07, 2010

05-09-10 11:48 PM



The Vulcan Report (35) - Emini SP 500 Futures (pt 1 of 2)



The Vulcan Report (35) - Emini SP 500 Futures (pt 2 of 2)




THE VULCAN REPORT
Review of E-mini S&P 500 (ES)
as of Friday, May 07, 2010



CHART PATTERNS

A black body occurred (because prices closed lower than they opened).

During the past 10 bars, there have been 3 white "UP" candles and 7 black "DOWN" candles for a net of 4 black (DOWN) candles.

During the past 50 bars, there have been 29 white "UP" candles and 21 black "DOWN" candles for a net of 8 white (UP) candles.

Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.




PulseScan Swing Vix Swing Index

PulseScan: -19.69
Swing Vix: -19.16

Currently The Market Pulse is negative since it is trading below its signal line.The PulseScan crossed below the Swing Vix 8 period(s) ago.


PulseScan LONG ENTRY :

,,



,,



Swing Vix SHORT ENTRY :

,Hold shorts - 1st PulseWave - from 1,148.54
,





,Hold shorts - 2nd PulseWave - from 1,181.62,



The Trend Channel is DOWN! (i.e. "Negative Swing Vix") This means that negative momentum is entering the market. Expect sideways to lower prices within the next 3-5 days
,
The Swing Vix is not currently in a topping (above 39) or bottoming (below -39) range. A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area. The last signal was a Over-Bought Sell 15 period(s) Ago.


The Swing Vix has just reached its lowest value in the last 14 period(s). This is bearish.

Since the Swing Vix crossed its moving average, E-mini S&P 500's price has decreased 6.78%, and has ranged from a high of 1,211.380 to a low of 1,065.790.

MARKET TREND

Currently the TREND is Bullish-Retracement- Up.
The current market condition for E-mini S&P 500 is:

Mildly Bullish\

The close is currently Above it's 264 Long Term period moving average.1,044.55
The close is currently Below it's 40 Intermediate Term period moving average.1,161.81
The close is currently Below it's 10 Short Term period moving average.1,177.15

Volatility

On 5/7/2010, E-mini S&P 500 closed below the lower band by 19.7%. Although prices have broken the lower band and a downside breakout is possible, the most likely scenario is for the current trading range that E-mini S&P 500 is in to continue. 71.24% wider than normal. The large width of the bands suggest high volatility as compared to E-mini S&P 500's normal range. Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the near-term. The bands have been in this wide range for 1 period(s). The probability of prices consolidating into a less volatile trading range increases the longer the bands remain in this wide range.


This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents.

Attachment: emini sp 500 - 9 may 2010.pdf
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