9/29/2011 - DX - US DOLLAR INDEX ICE Continuous

THE VULCAN REPORT
Review of $0$ DX - US DOLLAR INDEX ICE Continuous (@:DXC1#I)
as of Wednesday, September 28, 2011


Today's Price Action


Change    0.1500 (0.19%) prices closed higher than they opened.  with strong Bids going into the close.




     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     31.09
Swing Vix:     33.05


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    1 period(s) ago.   
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  2 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, $0$ DX - US DOLLAR INDEX ICE Continuous's price has increased 0.19% , and has ranged from a high of  78.99 to a low of  77.83.


     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. -    77.32


The close is currently Above it's Long Term TRENDLINE RETRACEMENT. -    76.89




INTRADAY PRICE PROJECTIONS
RESISTANCE    79.14 -   


SUPPORT    77.50 -  -  


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE -    75.08-  


PulseWave BreakOut SUPPORT -    73.09-  




VOLATILITY
On 9/28/2011, $0$ DX - US DOLLAR INDEX ICE Continuous closed   
below the upper band by 25.5%.
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.