12/03/2014 - Rally Alert for the Russell 2000

THE VULCAN REPORT
Review of /TF - russell 2000 (TFSc1)
as of Tuesday, December 02, 2014



    CHART PATTERNS

A white body occurred (because prices closed higher than they opened).

During the past 10 bars, there have been 7 white "UP" candles and 3 black "DOWN" candles for a net of 4 white (UP) candles.

During the past 50 bars, there have been 28 white "UP"  candles and 22 black "DOWN" candles for a net of 6 white (UP) candles.




PulseScan Swing Vix              Swing Index

PulseScan:      2.32
Swing Vix:      8.43

Currently The Market Pulse is positive since it is trading above its signal line.The PulseScan crossed below the Swing Vix   1 period(s) ago.
The last signal was a -SWING VIX Sell  1 period(s) Ago.


PulseScan LONG ENTRY :  

       ,,
Possible Bullish Consolidation Break-Out  @
        BREAK OUT 1,181.66
   Profit Target 1,201.80
   Stop Loss/Stop & Reverse 1,151.05

,,2nd-VCB GO LONG @
BREAK OUT 1,196.14
Profit Target 1,201.80
Stop Loss/Stop & Reverse 1,151.05



Swing Vix SHORT ENTRY :

       ,,
,,2nd-VCB GO SHORT @
BREAK DOWN 1,147.22
Profit Target 1,126.60
Stop Loss/Stop & Reverse 1,179.25


 The Trend Channel is DOWN!  (i.e. "Negative Swing Vix") This means that negative momentum is entering the market. Expect sideways to lower prices within the next 3-5 days

     MARKET TREND

Currently the TREND is - Up.
The current market condition for /TF - russell 2000 is:

       Mildly Bullish\

The close is currently Above it's Long Term period moving average.1,124.7992
The close is currently Below  it's Intermediate Term period moving average.1,168.7374
The close is currently Below  it's Short Term period moving average.1,170.8280
   
 
On 12/2/2014, /TF - russell 2000 closed above the lower band by 36.2%.  48.52% narrower than normal.  The narrow width of the bands suggests low volatility as compared to /TF - russell 2000's normal range.  Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term.  The bands have been in this narrow range for 6 period(s).  The probability of a significant price move increases the longer the bands remain in this narrow range.  


This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators.  This information should only be used by investors who are aware of the risk inherent in securities trading.  The Vulcan Report accepts no liability whatsoever for any loss arising from any use of this expert or its contents.liability whatsoever for any loss arising from any use of this expert or its contents.




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