9/29/2011 - 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 28, 2011


Today's Price Action


Change  -33.0000 (-1.46%) prices closed lower than they opened. with weak Bids going into the close. 




     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:     -2.37
Swing Vix:     -0.47


The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of    5 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-Bought Sell  5 period(s) Ago.
The Swing Vix has just reached its lowest value in the last 14 period(s).  This is bearish.The Swing Vix has set a new 14-period low while the security price 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, $0$ NDX - NQ E-mini NASDAQ 100 FUTURES's price has decreased 1.19%, and has ranged from a high of 2,318.00 to a low of 2,134.00.


     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. - 2,176.80


The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 2,202.10




INTRADAY PRICE PROJECTIONS
RESISTANCE 2,299.67 -   


SUPPORT 2,172.17 - GO SHORT here 2,208.81 - place stoploss here 2,299.67 


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 2,352.83- GO LONG here 2,352.83 place stoploss here 2,172.17


PulseWave BreakOut SUPPORT - 2,081.00-  




MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 2,952.90
Long term Trend Line resistance is currently at - 2,435.50
Long term Trend Line support is currently at - 2,176.80


MONTHLY PRICE PROJECTIONS
Long term Trend Line resistance is currently at - 2,176.80
Long term Trend Line support is currently at - 1,918.10
BEAR MARKET DOWNTREND - (12-18mo)  PRICE TARGET = 1,400.70


VOLATILITY
On 9/28/2011, $0$ NDX - NQ E-mini NASDAQ 100 FUTURES closed   
above the lower band by 48.4%.
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.