THE VULCAN REPORT Review of /ES E-MINI S&P 500 (ES) as of Monday, June 13, 2016

THE VULCAN REPORT
Review of /ES E-MINI S&P 500 (ES)
as of Monday, June 13, 2016

Today's Price Action
Change  -27.2500 (-1.31%) prices closed lower than they opened. with weak Bids going into the close.

    CHART PATTERNS
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 4 white "UP" candles and 6 black "DOWN" candles  for a net of 2 black (DOWN) 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.

Three black candles occurred in the last three days.  Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.

MARKET SENTIMENT
 
PulseScan Swing Vix

PulseScan:     10.24
Swing Vix:      9.05
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    2 period(s) ago.
The Trend Channel is UP!  (i.e. "Positive Swing Vix") This means that positive momentum is entering the market. Expect sideways to higher 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  7 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 1.79%, and has ranged from a high of 2,119.7500 to a low of 2,040.7500.
                 
        TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 1,601.0000
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,963.7375
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. - 1,991.6687
The close is currently Above  it's Short Term TRENDLINE RETRACEMENT. - 2,062.7654
Today's Sell off pushed prices on the close below the short term trendline resistance

INTRADAY PRICE PROJECTIONS
RESISTANCE 2,065.0000
SUPPORT 2,038.3250  

WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 2,121.7625
PulseWave BreakOut SUPPORT - 2,019.6250

VOLATILITY
On 6/13/2016, /ES E-MINI S&P 500 closed  
below the upper band by 37.2%.


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