THE VULCAN REPORT
Review of $0$ NDX - NQ E-mini NASDAQ 100 FUTURES ($NDX)
as of Friday, August 12, 2011
Today's Price Action
Change 19.5000 (0.90%) prices closed higher than they opened. with strong Bids going into the close.
PulseScan Swing Vix
Swing Vix: -21.20
The Market Pulse is negative since it is trading below its zero signal line.The PulseScan crossed above the Swing Vix creating a UP Trend Channel as of 3 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-Sold Buy 3 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, $0$ NDX - NQ E-mini NASDAQ 100 FUTURES's price has increased 0.50% , and has ranged from a high of 2,192.50 to a low of 1,972.25.
MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at- 2,091.41.
TREND STRENGTH - ,,,BEARISH MOMENTUM
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 2,091.41
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 2,202.54
INTRADAY PRICE PROJECTIONS
RESISTANCE 2,196.43 - GO LONG here 2,239.92 place stoploss here 2,082.92
SUPPORT 2,110.07 - -
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 2,467.50-
PulseWave BreakOut SUPPORT - 2,286.17-
MONTHLY PRICE PROJECTIONS
Long term Trend Line resistance is currently at - 2,091.41
Long term Trend Line support is currently at - 1,747.32
BEAR MARKET DOWNTREND - (12-18mo) PRICE TARGET = 1,059.14
On 8/12/2011, $0$ NDX - NQ E-mini NASDAQ 100 FUTURES closed
above the lower band by 25.8%.
This combined with the steep downtrend suggests that the downward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely.