THE VULCAN REPORT
Review of /ES E-MINI S&P 500 (ES)
as of Monday, January 25, 2016
Today's Price Action
Change 32.0000 (1.68%) prices closed higher than they opened. with strong Bids going into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: -21.87
Swing Vix: -21.21
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 9 period(s) ago.
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
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 9 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, /ES E-MINI S&P 500's price has decreased 7.54%, and has ranged from a high of 2,105.0000 to a low of 1,804.2500.
MOMENTUM
MARKET TREND - Currently the TREND is VERY-BEARISH - Heavy Distribution.
TREND STRENGTH - STRONG - Bearish Trend,
TRENDLINE RETRACEMENT
The close is currently Below it's PulseWave Cycle TRENDLINE RETRACEMENT. - 1,969.1250
The close is currently Below it's Long Term TRENDLINE RETRACEMENT. - 2,007.7258
The close is currently Below it's Intermediate Term TRENDLINE RETRACEMENT. - 2,034.8833
The close is currently Below it's Short Term TRENDLINE RETRACEMENT. - 1,963.3566
INTRADAY PRICE PROJECTIONS
RESISTANCE 1,936.4250
SUPPORT 1,905.7660
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 2,108.2500
PulseWave BreakOut SUPPORT - 1,978.7750
Long term Trend Line resistance is currently at - 1,969.1250
Long term Trend Line support is currently at - 1,804.2500
BEAR MARKET DOWNTREND - (12-18mo) PRICE TARGET = 1,474.5000
DEFLATED BUBBLE PHASE I - (24-36mo) PRICE DESTRUCTION TARGET = 1,144.7500
DEFLATED BUBBLE PHASE 2 - (42-60mo) (PANIC SELLING EXTREME FEAR) PRICE DESTRUCTION TARGET = 815.0000
DEFLATED BUBBLE PHASE 3 - (72mo+) (THE STOCK WILL PROBABLY BE DELISTED AND/OR FILE FOR BK 11) PRICE DESTRUCTION TARGET = 485.2500
VOLATILITY
On 1/25/2016, /ES E-MINI S&P 500 closed
above the lower band by 26.0%.
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