9/21/2011 - NDX - NQ E-mini NASDAQ 100 FUTURES

THE VULCAN REPORT
Review of $0$ NDX - NQ E-mini NASDAQ 100 FUTURES ($NDX)
as of Tuesday, September 20, 2011


Today's Price Action


Change   -4.0000 (-0.17%) prices closed lower than they opened. with weak Bids going into the close. 


A long upper shadow occurred.  This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).
A spinning top occurred (a spinning top is a candle with a small real body).  Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close).  During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     41.93
Swing Vix:     40.13


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    6 period(s) ago. The Swing Vix is above 39.  This is where it usually tops.  The Swing Vix usually forms tops and bottoms before the underlying security.  
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 30 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 4.52% , and has ranged from a high of 2,332.50 to a low of 2,117.00.


     MOMENTUM


     MARKET TREND - Currently the TREND is .


        TREND STRENGTH - WEAK - RANGE BOUND (Prices have ceased trending and have become consolidated at this time) The market has put in a short term top. This means that the bulls are liquidating long positions thus taking some profit off the table.,,BULLISH MOMENTUM,


TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 2,144.97


The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 2,196.23




INTRADAY PRICE PROJECTIONS
RESISTANCE 2,334.94 -   


SUPPORT 2,281.31 - GO SHORT here 2,255.33 - place stoploss here 2,352.83 


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 2,292.50-  


PulseWave BreakOut SUPPORT - 2,081.00-  




MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 3,016.57
Long term Trend Line resistance is currently at - 2,435.50
Long term Trend Line support is currently at - 2,144.97




VOLATILITY
On 9/20/2011, $0$ NDX - NQ E-mini NASDAQ 100 FUTURES closed   
below the upper band by 12.7%.
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.