Monday, August 15, 2011

8/15/2011 - MARKET UPDATE FOR US STOCK INDEXES

08-15-11 12:17 PM
EUR/USD STILL LOOKS BULLISH THOUGH SO WE COULD STILL RALLY FROM HERE. THE NASDAQ IS MIXED AT THE MOMENT.



THE VULCAN REPORT
Review of E-MINI EURO (US@EEC.1)
as of Monday, August 15, 2011

Today's Price Action

Change 0.0206 (1.45%) 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: -2.45
Swing Vix: -6.09

The Market Pulse is negative since it is trading below 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 47 period(s) Ago.
The Swing Vix does not currently show any Failure Swings.The security price has set a new 14-period high while the Swing Vix has not. This is a bearish divergence. Since the PulseScan leads the market 3-5 days out we will wait to see if downside pressure develops.

*Since the last Swing Vix signal, E-MINI EURO's price has been unchanged, and has ranged from a high of 1.4470 to a low of 1.4246.

MOMENTUM

MARKET TREND - Currently the TREND is - Neutral within the Bearish KUMO Consolidation cloud(Possible Trend Reversal) with Upside Bullish Breakout risk. A close below 1.4216 is needed to re-establish the downward trend. However a close above 1.4368 will establish a new upward trend.

TREND STRENGTH - ,,,

TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 1.3756

The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1.3941

INTRADAY PRICE PROJECTIONS
RESISTANCE 1.4481 -

SUPPORT 1.4235 - -

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 1.4588-

PulseWave BreakOut SUPPORT - 1.3896-

VOLATILITY
On 8/15/2011, E-MINI EURO closed
below the upper band by 7.8%.

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