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Tuesday, August 9, 2011

8/9/2011 - EMINI NASDAQ FUTURES


THE VULCAN REPORT
Review of Emini NASDAQ 100 (US@NQ.1)
as of Monday, August 08, 2011


Today's Price Action


Change  -149.0000 (-6.81%) prices closed lower than they opened. with weak Bids going into the close.This is bearish, as prices closed significantly lower than they opened.  If the candle appears when prices are "high," it may be the first sign of a top.  If it occurs when prices are confronting an overhead resistance area the long black candle adds credibility to the resistance.  Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area. 


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:    -39.54
Swing Vix:    -37.06


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    8 period(s) ago. The Swing Vix is below -39.  This is where it usually bottoms.  The Swing Vix usually forms tops and bottoms before the underlying security.  
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 19 period(s) Ago.
The Swing Vix has just reached its lowest value in the last 14 period(s).  This is bearish.
      
  *Since the last Swing Vix signal, Emini NASDAQ 100's price has decreased 13.56%, and has ranged from a high of 2,425.75 to a low of 2,031.50.


     MOMENTUM


     MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at- 2,089.75.


        TREND STRENGTH - ,T/K BREAKDOWN,,BEARISH MOMENTUM


TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 2,089.75
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 2,201.93


INTRADAY PRICE PROJECTIONS
RESISTANCE 2,177.71 place stoploss here 
SUPPORT 2,024.54 GO SHORT here 


WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 2,467.17  
PulseWave BreakOut SUPPORT - 2,285.17  


VOLATILITY
On 8/8/2011, Emini NASDAQ 100 closed below the lower band by 30.6%.  

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