9/23/2011 - DX - US DOLLAR INDEX ICE Continuous

THE VULCAN REPORT
Review of $0$ DX - US DOLLAR INDEX ICE Continuous (@:DXC1#I)
as of Thursday, September 22, 2011


Today's Price Action


Change    0.7500 (0.96%) prices closed higher than they opened.  with strong Bids going into the close.




     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     35.82
Swing Vix:     33.74


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 above 29.  This is where it usually forms Resistance.  The Swing Vix usually forms Resistance 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-Bought Sell  5 period(s) Ago.
The Swing Vix does not currently show any Failure Swings.The security price has set a new 14-period high while the Swing Vix has not.  This is a bearish divergence. Since the PulseScan leads the market 3-5 days out we will wait to see if downside pressure develops.
      
  *Since the last Swing Vix signal, $0$ DX - US DOLLAR INDEX ICE Continuous's price has increased 0.96% , and has ranged from a high of  79.40 to a low of  77.23.


     MOMENTUM


     MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.


        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. -    77.77


The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -    76.84




INTRADAY PRICE PROJECTIONS
RESISTANCE    79.45 -  GO LONG here    80.01 place stoploss here    77.87


SUPPORT    78.28 - GO SHORT here    77.87 - place stoploss here    80.01 


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    75.08-  


PulseWave BreakOut SUPPORT -    73.09-  




MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET =    92.50
Long term Trend Line resistance is currently at -    82.68
Long term Trend Line support is currently at -    77.77




VOLATILITY
On 9/22/2011, $0$ DX - US DOLLAR INDEX ICE Continuous closed   
below the upper band by 4.3%.
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.HIGH VOLATILITY ALERT - A Breakout of Upper Volatility Band occured