Review of E-MINI EURO (US@EEC.1)
as of Tuesday, July 26, 2011
Today's Price Action
Change 0.0145 (1.01%) prices closed higher than they opened. with strong Bids going into the close.
PulseScan Swing Vix
Swing Vix: 20.64
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 7 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-Bought Sell 32 period(s) Ago.
The Swing Vix has just reached its highest value in the last 14 period(s). This is bullish.
*Since the last Swing Vix signal, E-MINI EURO's price has increased 2.53% , and has ranged from a high of 1.4502 to a low of 1.3989.
MARKET TREND - Currently the TREND is - Neutral within the Bearish KUMO Consolidation cloud(Possible Trend Reversal) with Upside Bullish Breakout risk. A close below 1.4347 is needed to re-establish the downward trend. However a close above 1.4444 will establish a new upward trendWARNING Possible Bearish-Retracement - (The TenkanSen has crossed above the KijunSen TODAY!").
TREND STRENGTH - T/K BREAKOUT,
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 1.3715
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1.3904
The close is currently Above it's Intermediate Term TRENDLINE RETRACEMENT. - 1.4256
The close is currently Above it's Short Term TRENDLINE RETRACEMENT. - 1.4263
INTRADAY PRICE PROJECTIONS
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 1.4255
PulseWave BreakOut SUPPORT - 1.3925
On 7/26/2011, E-MINI EURO closed
below the upper band by 16.1%.