THE VULCAN REPORT
Review of $0$ NDX - NQ E-mini NASDAQ 100 FUTURES ($NDX)
as of Tuesday, September 13, 2011
Today's Price Action
Change 18.0000 (0.82%) prices closed higher than they opened. with strong Bids going into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 19.80
Swing Vix: 18.50
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 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 25 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 0.82% , and has ranged from a high of 2,220.00 to a low of 2,117.00.
MOMENTUM
MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at- 2,095.44Slightly Bearish - .
TREND STRENGTH - ,,,BEARISH MOMENTUM
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 2,095.44
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 2,198.10
INTRADAY PRICE PROJECTIONS
RESISTANCE 2,222.93 - GO LONG here 2,257.25 place stoploss here 2,140.25
SUPPORT 2,158.57 - -
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 2,292.50-
PulseWave BreakOut SUPPORT - 2,081.00- GO SHORT here 2,081.00 place stoploss here 2,257.25
MONTHLY PRICE PROJECTIONS
Long term Trend Line resistance is currently at - 2,095.44
Long term Trend Line support is currently at - 1,755.38
BEAR MARKET DOWNTREND - (12-18mo) PRICE TARGET = 1,075.26
VOLATILITY
On 9/13/2011, $0$ NDX - NQ E-mini NASDAQ 100 FUTURES closed
below the upper band by 27.9%.
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