7/19/2010 - ES Emini SP 500 FUTURES - THE VULCAN REPORT Review of E-mini S&P 500 FUTURES (ES) as of Friday, July 16, 2010

 THE VULCAN REPORT
Review of E-mini S&P 500 FUTURES (ES)
as of Friday, July 16, 2010

Today's Price Action

Change  -31.6000 (-2.88%)

Weak Bids into the close.

MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:     31.41
Swing Vix:     28.84

The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of    7 period(s) ago. The Swing Vix is above 29.  This is where it usually forms Resistance.  The Swing Vix usually forms Resistance before the underlying security.CRASH ALERT  - (Short-term Market Top) Possible Selloff is likely do to weak market pulse projections
A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area.
The last signal was a Over-Sold Buy  7 period(s) Ago.
The Swing Vix has just reached its highest value in the last 14 period(s).  This is bullish.The Swing Vix has set a new 14-period high while the security price has not.  This is a bullish divergence. Since the PulseScan leads the market 3-5 days out  We will wait to see if an upside breakout occurs.
        Since the last Swing Vix signal, E-mini S&P 500 FUTURES's price has increased 0.43% , and has ranged from a high of 1,099.4600 to a low of 1,028.5400.
     
       MOMENTUM
     MARKET TREND - Currently the TREND is VERY-BEARISH - Heavy Distribution-The DownTrend is still entact with prices holding below trendline resistance at- 1,099.1500.
        TREND STRENGTH - WEAK - RANGE BOUND  (Prices have ceased trending and have become consolidated at this time) The market has put in a short term bottom. This means that the bears are liquidating short positions thus taking some profit off the table.
TRENDLINE RETRACEMENT
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. - 1,099.1500
Today's Sell off pushed prices on the close below the long term trendline support - This is Bearish as the market is now under heavy Distribution.
The close is currently Below  it's Intermediate Term TRENDLINE RETRACEMENT. - 1,098.0139
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. - 1,075.6522


         INTRADAY PRICE PROJECTIONS
        RESISTANCE 1,086.9807
        SUPPORT 1,070.1892

       WEEKLY PRICE PROJECTIONS
       RESISTANCE 1,099.4600
       SUPPORT 1,010.9100

MONTHLY PRICE PROJECTIONS
Long term Trend Line resistance is currently at - 1,099.1500
Long term Trend Line support is currently at - 978.5000
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET = 737.2000


BEAR MARKET PLUNGE PROTECTION TEAM CIRCUIT BREAKERS
DEFLATED BUBBLE PHASE I  - (24-36mo) PRICE DESTRUCTION TARGET = 495.8999
DEFLATED BUBBLE PHASE 2 - (42-60mo) (PANIC SELLING EXTREME FEAR) PRICE DESTRUCTION TARGET = 254.5999
DEFLATED BUBBLE PHASE 3  - (72mo+) (THE STOCK WILL PROBABLY BE DELISTED AND/OR FILE FOR BK 11) PRICE DESTRUCTION TARGET =  13.2998
   
       VOLATILITY
On 7/16/2010, E-mini S&P 500 FUTURES closed 
above the lower band by 43.4%.


     IN PLAY

BULL MARKET LONG/SHORT Signals : 

Positive Swing Vix with Bullish Momentum. - LONG ENTRY - 1,095.3765
   Profit Target 1,165.6067
   Stop Loss 1,061.7935


BEAR MARKET LONG/SHORT Signals :

CRASH ALERT  - (Market Top) Possible Selloff is likely do to weak market pulse projections.
Our Price Action Money Flow indicators are pointing Down  possible selloff beyond intraday support. Bearish Momentum Strengthening (Phase I).SHORT ENTRY - 1,061.7935
       Profit Target 982.4265
   Stop Loss 1,095.3765



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.
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