Review of $NDX - NQ E-mini NASDAQ 100 FUTURES ($NDX)
as of Tuesday, November 30, 2010
Today's Price Action
Change -27.2300 (-1.27%) prices closed lower than they opened. with weak Bids going into the close.
A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: -2.71
Swing Vix: -1.51
The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of 0 period(s) ago. This means that negative momentum has entered the market. Expect sideways to lower prices within the next 3-5 daysThe 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 12 period(s) Ago.
The Swing Vix does not currently show any Failure Swings.The Swing Vix and price are not diverging.
*Since the last Swing Vix signal, $NDX - NQ E-mini NASDAQ 100 FUTURES's price has been unchanged, and has ranged from a high of 2,131.5000 to a low of 2,110.2400.
MOMENTUM
MARKET TREND - Currently the TREND is Slightly Bullish - .
TREND STRENGTH - WEAK - RANGE BOUND (Prices have ceased trending and have become consolidated at this time) The market has put in a short term top. This means that the bulls are liquidating long positions thus taking some profit off the table.,
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 1,950.1000
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,883.2097
The close is currently Above it's Intermediate Term TRENDLINE RETRACEMENT. - 2,064.7700
The close is currently Below it's Short Term TRENDLINE RETRACEMENT. - 2,135.1184
INTRADAY PRICE PROJECTIONS
RESISTANCE 2,126.7166
SUPPORT 2,115.0237
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 2,165.1499
PulseWave BreakOut SUPPORT - 2,105.6101
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 2,700.2798
Long term Trend Line resistance is currently at - 2,200.1599
Long term Trend Line support is currently at - 1,950.1000
MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 4,200.6396
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 3,700.5195
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 3,200.3997
VOLATILITY
On 11/30/2010, $NDX - NQ E-mini NASDAQ 100 FUTURES closed
above the lower band by 21.6%.
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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