9/22/2011 - NDX - NQ E-mini NASDAQ 100 FUTURES

THE VULCAN REPORT
Review of $0$ NDX - NQ E-mini NASDAQ 100 FUTURES ($NDX)
as of Wednesday, September 21, 2011


Today's Price Action


Change  -49.2500 (-2.15%) prices closed lower than they opened. with weak Bids going into the close. 




     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     36.59
Swing Vix:     37.77


The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of    0 period(s) ago. This means that negative momentum has entered the market. Expect sideways to lower prices within the next 3-5 daysHowever, the Swing Vix just crossed below 39 from a topping formation.  This is a bearish sign.  
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  0 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 been unchanged, and has ranged from a high of 2,318.00 to a low of 2,244.25.


     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. - 2,149.52


The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 2,196.87




INTRADAY PRICE PROJECTIONS
RESISTANCE 2,321.69 -   


SUPPORT 2,240.56 - GO SHORT here 2,195.92 - place stoploss here 2,343.42 


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 2,352.83- GO LONG here 2,352.83 place stoploss here 2,195.92


PulseWave BreakOut SUPPORT - 2,081.00-  




MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 3,007.47
Long term Trend Line resistance is currently at - 2,435.50
Long term Trend Line support is currently at - 2,149.52




VOLATILITY
On 9/21/2011, $0$ NDX - NQ E-mini NASDAQ 100 FUTURES closed   
below the upper band by 36.4%.
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.