Review of E-mini NASDAQ 100 (US@NQ.1) as of Tuesday, June 07, 2011 10:00 AM

THE VULCAN REPORT
Review of E-mini NASDAQ 100 (US@NQ.1)
as of Tuesday, June 07, 2011 10:00 AM

Today's Price Action

Change    0.5000 (0.02%)

A doji star occurred (where a doji gaps above or below the previous candle).  This often signals a reversal with confirmation occurring on the next bar.
A gravestone doji occurred.  This often signifies a top (the longer the upper shadow, the more bearish the signal).

     MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:     27.93
Swing Vix:     27.93

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 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-Sold Buy  9 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, E-mini NASDAQ 100's price has increased 0.47% , and has ranged from a high of 2,286.0000 to a low of 2,271.2500.

     MOMENTUM

     MARKET TREND - Currently the TREND is VERY-BEARISH - Heavy Distribution.

        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 PulseWave Cycle TRENDLINE RETRACEMENT. - 2,325.7500
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. - 2,321.6104
The close is currently Below  it's Intermediate Term TRENDLINE RETRACEMENT. - 2,291.9666
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. - 2,281.1594

INTRADAY PRICE PROJECTIONS
RESISTANCE 2,283.7500
SUPPORT 2,283.7500

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 2,286.0000
PulseWave BreakOut SUPPORT - 2,278.2500

Long term Trend Line resistance is currently at - 2,325.7500
Long term Trend Line support is currently at - 2,270.7500
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET = 2,160.7500

DEFLATED BUBBLE PHASE I  - (24-36mo) PRICE DESTRUCTION TARGET = 2,050.7500
DEFLATED BUBBLE PHASE 2 - (42-60mo) (PANIC SELLING EXTREME FEAR) PRICE DESTRUCTION TARGET = 1,940.7500
DEFLATED BUBBLE PHASE 3  - (72mo+) (THE STOCK WILL PROBABLY BE DELISTED AND/OR FILE FOR BK 11) PRICE DESTRUCTION TARGET = 1,830.7500

VOLATILITY
On 6/7/2011 10:00 AM, E-mini NASDAQ 100 closed  
below the upper band by 15.9%.
This combined with the steep uptrend suggests that the upward trend in prices has a good chance of continuing.  However, a short-term pull-back inside the bands is likely.

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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