8/28/2011 - NDX - NQ E-mini NASDAQ 100 FUTURES

THE VULCAN REPORT
Review of $0$ NDX - NQ E-mini NASDAQ 100 FUTURES ($NDX)
as of Friday, August 26, 2011


Today's Price Action


Change   54.0000 (2.56%) prices closed higher than they opened.  with strong Bids going into the close.


An engulfing bullish line occurred (where a white candle's real body completely contains the previous black candle's real body).  The engulfing bullish pattern is bullish during a downtrend (which appears to be the case with $0$ NDX - NQ E-mini NASDAQ 100 FUTURES).  It then signifies that the momentum may be shifting from the bears to the bulls.


If the engulfing bullish pattern occurs during an uptrend, it may be a last engulfing top which indicates a top.  The test to see if this is the case is if the next candle closes below the top of the current (white) candle's real body.


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:      0.40
Swing Vix:     -4.25


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    1 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 13 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, $0$ NDX - NQ E-mini NASDAQ 100 FUTURES's price has increased 2.56% , and has ranged from a high of 2,169.00 to a low of 2,080.75.


     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. - 2,193.27


INTRADAY PRICE PROJECTIONS
RESISTANCE 2,173.41 -   


SUPPORT 2,076.34 - GO SHORT here 2,050.17 - place stoploss here 2,226.67 


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 2,239.92-  


PulseWave BreakOut SUPPORT - 1,981.92- GO SHORT here 1,981.92 place stoploss here 2,226.67


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 8/26/2011, $0$ NDX - NQ E-mini NASDAQ 100 FUTURES closed   
below the upper band by 49.1%.
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.    
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