8/15/2011 - NQ E-mini NASDAQ 100 FUTURES ($NDX)

THE VULCAN REPORT
Review of $0$ NDX - NQ E-mini NASDAQ 100 FUTURES ($NDX)
as of Friday, August 12, 2011


Today's Price Action


Change   19.5000 (0.90%) prices closed higher than they opened.  with strong Bids going into the close.




     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:    -18.92
Swing Vix:    -21.20


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    3 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  3 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, $0$ NDX - NQ E-mini NASDAQ 100 FUTURES's price has increased 0.50% , and has ranged from a high of 2,192.50 to a low of 1,972.25.


     MOMENTUM


     MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at- 2,091.41.


        TREND STRENGTH - ,,,BEARISH MOMENTUM


TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 2,091.41
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 2,202.54


INTRADAY PRICE PROJECTIONS
RESISTANCE 2,196.43 -  GO LONG here 2,239.92 place stoploss here 2,082.92


SUPPORT 2,110.07 -  -  


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 2,467.50-  


PulseWave BreakOut SUPPORT - 2,286.17-  


MONTHLY PRICE PROJECTIONS
Long term Trend Line resistance is currently at - 2,091.41
Long term Trend Line support is currently at - 1,747.32
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET = 1,059.14


VOLATILITY
On 8/12/2011, $0$ NDX - NQ E-mini NASDAQ 100 FUTURES closed   
above the lower band by 25.8%.
This combined with the steep downtrend suggests that the downward trend in prices has a good chance of continuing.  However, a short-term pull-back inside the bands is likely.