THE VULCAN REPORT
Review of /ES E-MINI S&P 500 (ES)
as of Monday, June 13, 2016
Today's Price Action
Change -27.2500 (-1.31%) prices closed lower than they opened. with weak Bids going into the close.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 4 white "UP" candles and 6 black "DOWN" candles for a net of 2 black (DOWN) candles.
During the past 50 bars, there have been 28 white "UP" candles and 22 black "DOWN" candles for a net of 6 white (UP) candles.
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.
PulseScan Swing Vix
Swing Vix: 9.05
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 2 period(s) ago.
The Trend Channel is UP! (i.e. "Positive Swing Vix") This means that positive momentum is entering the market. Expect sideways to higher prices within the next 3-5 days
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 7 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, /ES E-MINI S&P 500's price has decreased 1.79%, and has ranged from a high of 2,119.7500 to a low of 2,040.7500.
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 1,601.0000
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,963.7375
The close is currently Above it's Intermediate Term TRENDLINE RETRACEMENT. - 1,991.6687
The close is currently Above it's Short Term TRENDLINE RETRACEMENT. - 2,062.7654
Today's Sell off pushed prices on the close below the short term trendline resistance
INTRADAY PRICE PROJECTIONS
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 2,121.7625
PulseWave BreakOut SUPPORT - 2,019.6250
On 6/13/2016, /ES E-MINI S&P 500 closed
below the upper band by 37.2%.
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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