THE VULCAN REPORT
Review of Emini NASDAQ 100 (US@NQ.1)
as of Thursday, June 30, 2011
Today's Price Action
Change 26.7500 (1.17%) prices closed higher than they opened. with strong Bids going into the close.
Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 30.21
Swing Vix: 24.46
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 12 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.
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.
*Since the last Swing Vix signal, Emini NASDAQ 100's price has increased 3.10% , and has ranged from a high of 2,323.50 to a low of 2,174.00.
MOMENTUM
MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at- 2,063.00.
TREND STRENGTH - ,
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 2,063.00
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 2,167.25
The close is currently Above it's Intermediate Term TRENDLINE RETRACEMENT. - 2,291.50
The close is currently Above it's Short Term TRENDLINE RETRACEMENT. - 2,256.36INTRADAY PRICE PROJECTIONS
RESISTANCE 2,325.30
SUPPORT 2,285.70
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 2,258.50
PulseWave BreakOut SUPPORT - 2,191.50
VOLATILITY
On 6/30/2011, Emini NASDAQ 100 closed above the upper band by 4.1%.Risk Disclosure
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