7/14/2011 - US DOLLAR INDEX FUTURES

THE VULCAN REPORT
Review of US DOLLAR INDEX (US@DX.1)
as of Saturday, July 16, 2011


Today's Price Action


Change   prices closed lower than they opened. with weak Bids going into the close.  0.0210 (0.03%) 


A long upper shadow occurred.  This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).
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:      8.50
Swing Vix:      5.78


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   10 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 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, US DOLLAR INDEX's price has increased 0.61% , and has ranged from a high of  77.18 to a low of  72.86.


     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. -    80.38
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. -    81.67
The close is currently Below  it's Intermediate Term TRENDLINE RETRACEMENT. -    77.85 


The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. -    75.42 
Today's Rally pushed prices on the close above the short term trendline support


INTRADAY PRICE PROJECTIONS
RESISTANCE    77.28
SUPPORT    74.88


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    76.59
PulseWave BreakOut SUPPORT -    73.51


Long term Trend Line resistance is currently at -    80.38
Long term Trend Line support is currently at -    71.05
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET =    52.39


DEFLATED BUBBLE PHASE I  - (24-36mo) PRICE DESTRUCTION TARGET =    33.73
DEFLATED BUBBLE PHASE 2 - (42-60mo) (PANIC SELLING EXTREME FEAR) PRICE DESTRUCTION TARGET =    15.07
DEFLATED BUBBLE PHASE 3  - (72mo+) (THE STOCK WILL PROBABLY BE DELISTED AND/OR FILE FOR BK 11) PRICE DESTRUCTION TARGET =    -3.59


VOLATILITY
On 7/16/2011, US DOLLAR INDEX closed   
below the upper band by 43.2%.