THE VULCAN REPORT
Review of $0$ /M6E - E-MICRO EUR-USD Continuous (@:ECMc1#I)
as of Wednesday, August 31, 2011
Today's Price Action
Change -0.0074 (-0.51%) prices closed lower than they opened. with weak Bids going into the close.
PulseScan Swing Vix
Swing Vix: 23.94
The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of 1 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 57 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, $0$ /M6E - E-MICRO EUR-USD Continuous's price has decreased 0.51%, and has ranged from a high of 1.4529 to a low of 1.4358.
MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.
TREND STRENGTH - WEAK - RANGE BOUND (Prices have ceased trending and have become consolidated at this time) The market has put in a short term top. This means that the bulls are liquidating long positions thus taking some profit off the table.,,BULLISH MOMENTUM,
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 1.3756
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1.3984
INTRADAY PRICE PROJECTIONS
RESISTANCE 1.4471 - GO LONG here 1.4505 place stoploss here 1.4289
SUPPORT 1.4353 - GO SHORT here 1.4289 - place stoploss here 1.4505
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 1.4657- GO LONG here 1.4657 place stoploss here 1.4289
PulseWave BreakOut SUPPORT - 1.4163-
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 1.7262
Long term Trend Line resistance is currently at - 1.4925
Long term Trend Line support is currently at - 1.3756
On 8/31/2011, $0$ /M6E - E-MICRO EUR-USD Continuous closed
below the upper band by 45.1%.