7/20/2011 - EMINI NASDAQ 100 FUTURES

THE VULCAN REPORT

Review of $1NDX - NQ E-mini NASDAQ 100 FUTURES ($NDX)

as of Tuesday, July 19, 2011

Today's Price Action

Change   65.2500 (2.79%) prices closed higher than they opened.  with strong Bids going into the close.This is generally considered bullish, as prices closed significantly higher than they opened.  If the candle appears when prices are "low," it may be the first sign of a bottom.  If it occurs when prices are rebounding off of a support area , the long white candle adds credibility to the support.  Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.

     MARKET SENTIMENT

PulseScan Swing Vix

PulseScan:     16.62

Swing Vix:     16.20

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 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  5 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, $1NDX - NQ E-mini NASDAQ 100 FUTURES's price has been unchanged, and has ranged from a high of 2,411.00 to a low of 2,339.00.

     MOMENTUM

     MARKET TREND - Currently the TREND is .

        TREND STRENGTH - STRONG - Bullish Trend,

TRENDLINE RETRACEMENT

The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 2,065.96

The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 2,190.13

The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. - 2,316.89 

The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. - 2,350.05 

Today's Rally pushed prices on the close above the short term trendline support

INTRADAY PRICE PROJECTIONS

RESISTANCE 2,414.60

SUPPORT 2,335.40

WEEKLY PULSE WAVE PRICE PROJECTIONS

PulseWave BreakOut RESISTANCE - 2,375.00

PulseWave BreakOut SUPPORT - 2,314.50

MONTHLY PRICE PROJECTIONS

Long term Trend Line resistance is currently at - 2,418.99MONTHLY PRICE PROJECTIONS

BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 3,125.06

Long term Trend Line support is currently at - 2,065.96

BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 4,537.20

BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 5,243.27

BUBBLE PHASE I - (24-36mo) PRICE TARGET = 3,831.13

VOLATILITY

On 7/19/2011, $1NDX - NQ E-mini NASDAQ 100 FUTURES closed below the upper band by 16.3%.

  

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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