THE VULCAN REPORT
Review of $0$ FUT $SPX - ES E-mini S&P 500 FUTURES ($SPX)
as of Friday, November 09, 2012
PulseScan Swing Vix
Swing Vix: -11.84
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 2 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.
MARKET TREND - Currently the TREND is - The UpTrend is still entact with prices holding above trendline support at- 1,316.58.
TREND STRENGTH - ,,,BEARISH MOMENTUM
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 1,316.58
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,357.25
INTRADAY PRICE PROJECTIONS
RESISTANCE 1,434.14 -
SUPPORT 1,362.11 - WEEKLY PULSE WAVE GO SHORT here 1,362.11 - place stoploss here 1,434.14
MONTHLY PRICE PROJECTIONS
BEAR MARKET DOWNTREND - (12-18mo) PRICE TARGET = 842.81
Long term Trend Line resistance/support is currently at - 1,316.58
On 11/9/2012, $0$ FUT $SPX - ES E-mini S&P 500 FUTURES closed below the lower band by 1.6%.
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.HIGH VOLATILITY ALERT - A Breakout of Lower Volatility Band occurred.
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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