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11/19/2010 - $SPX

 11/19/2010 - $SPX

 
THE VULCAN REPORT
Review of $SPX - ES E-mini S&P 500 FUTURES ($SPX)
as of Thursday, November 18, 2010


Today's Price Action


Change   18.1000 (1.54%) prices closed higher than they opened.  with strong Bids going into the close.


A rising window occurred  (where the top of the previous shadow is below the bottom of the current shadow).  This usually implies a continuation of a bullish trend.  There have been 4 rising windows in the last 50 candles--this makes the current rising window even more bullish.


     MARKET SENTIMENT
  
PulseScan Swing Vix


PulseScan:    -17.70
Swing Vix:    -13.25


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    7 period(s) ago. RALLY ALERT - (Short-term Market Bottom) Possible Breakout is likely due to strong market pulse projectionsThe 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, $SPX - ES E-mini S&P 500 FUTURES's price has decreased 1.38%, and has ranged from a high of 1,226.8400 to a low of 1,173.0000.


     MOMENTUM


     MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.


        TREND STRENGTH - STRONG - Bullish Trend,


TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 1,118.9950
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,108.3043
The close is currently Above  it's Intermediate Term TRENDLINE RETRACEMENT. - 1,162.7272 
The close is currently Below  it's Short Term TRENDLINE RETRACEMENT. - 1,196.0387 


INTRADAY PRICE PROJECTIONS
RESISTANCE 1,196.5685
SUPPORT 1,187.4716


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 1,227.0800
PulseWave BreakOut SUPPORT - 1,173.0000


MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 1,443.2500
Long term Trend Line resistance is currently at - 1,227.0800
Long term Trend Line support is currently at - 1,118.9950


MONTHLY PRICE PROJECTIONS
BUBBLE PHASE 3 - (72mo+) (TULIP CRAZE CRASH IMMANENT) PRICE TARGET = 2,091.7598
BUBBLE PHASE 2 - (42-60mo) (MARKET FRENZY BUYING) PRICE TARGET = 1,875.5898
BUBBLE PHASE I - (24-36mo) PRICE TARGET = 1,659.4199


VOLATILITY
On 11/18/2010, $SPX - ES E-mini S&P 500 FUTURES closed   
above the lower band by 49.0%.
 








































































General Advice Disclosure:

Please note that the advice contained herein is general advice and is for the purposes of education only. The risk of loss in trading futures contracts, commodity options, stocks, stock options and forex currencies can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You are reminded that past performance is no guarantee or reliable indication of future results. It has not been prepared taking into account your particular investment objectives, financial situation and particular needs.You should therefore assess whether the advice is appropriate to your individual investment objectives, financial situation and particular needs. You should do this before making an investment decision based on this general advice. You can either make the assessment yourself or seek the help of a professional adviser. 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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