7/26/2010 - $SPX / ES - THE VULCAN REPORT Review of E-mini S&P 500 FUTURES (ES) as of Friday, July 23, 2010

THE VULCAN REPORT
Review of E-mini S&P 500 FUTURES (ES)
as of Friday, July 23, 2010


Today's Price Action


Change    8.9900 (0.82%) prices closed higher than they opened.  with strong Bids going into the close.


     MARKET SENTIMENT
  
PulseScan Swing Vix
PulseScan:     30.38
Swing Vix:     28.25


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    0 period(s) ago.This means that positive momentum has entered the market. Expect sideways to higher prices within the next 3-5 days The Swing Vix is above 29.  This is where it usually forms Resistance.  The Swing Vix usually forms Resistance before the underlying security.  
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 12 period(s) Ago.
The Swing Vix does not currently show any Failure Swings.The security price has set a new 14-period high while the Swing Vix has not.  This is a bearish divergence. Since the PulseScan leads the market 3-5 days out we will wait to see if downside pressure develops.
      
  *Since the last Swing Vix signal, E-mini S&P 500 FUTURES's price has been unchanged, and has ranged from a high of 1,103.7300 to a low of 1,087.8800.


     MOMENTUM


     MARKET TREND - Currently the TREND is - Neutral within the Bearish KUMO Consolidation cloud(Possible Trend Reversal) with Upside Bullish Breakout risk. A close below 1,093.8151 is needed to re-establish the downward trend. However a close above 1,130.2900 will establish a new upward trend.


        TREND STRENGTH - ,
There is currently no trend strenght reading at this time.


TRENDLINE RETRACEMENT
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,105.9000
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. - 1,095.8243 
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. - 1,082.3977 


INTRADAY PRICE PROJECTIONS
RESISTANCE 1,100.1637
SUPPORT 1,091.4462


WEEKLY PRICE PROJECTIONS
RESISTANCE 1,098.6600
SUPPORT 1,056.8800


VOLATILITY
On 7/23/2010, E-mini S&P 500 FUTURES closed   
below the upper band by 14.8%.




     IN PLAY - (PANDORA'S LITTLE BLACK BOX)


LONG Signals :   


LONG POSITIONS FOR THIS SECURITY ARE NOT IN PLAY AT THIS TIME!


SHORT Signals :  


 SHORT POSITIONS FOR THIS SECURITY ARE NOT IN PLAY AT THIS TIME!


Risk Disclosure


General Advice Disclosure: Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. 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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