THE VULCAN REPORT
Review of (AAPL) Apple Inc (AAPL)
as of Monday, August 15, 2016
Today's Price Action
Change prices closed lower than they opened. 2.0600 (1.95%) with strong Bids going into the close.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 5 white "UP" candles and 5 black "DOWN" candles .
During the past 50 bars, there have been 24 white "UP" candles and 26 black "DOWN" candles for a net of 2 black (DOWN) candles.
A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend. There have been 3 rising windows in the last 50 candles--this makes the current rising window even more bullish.
PulseScan Swing Vix
Swing Vix: 24.73
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 3 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 above 29. This is where it usually forms Resistance. The Swing Vix usually forms Resistance 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-Sold Buy 11 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, (AAPL) Apple Inc's price has increased 9.40% , and has ranged from a high of 108.9400 to a low of 96.4200.
MARKET TREND - Currently the TREND is - Neutral within the Bearish KUMO Consolidation cloud(Possible Trend Reversal) with Upside Bullish Breakout risk. A close below 104.4100 is needed to re-establish the downward trend. However a close above 113.2700 will establish a new upward trend.
INTRADAY PRICE PROJECTIONS
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 108.9400
PulseWave BreakOut SUPPORT - 102.1070
On 8/8/2016, (AAPL) Apple Inc closed
below the upper band by 17.1%.
This combined with the steep uptrend suggests that the upward 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 Upper Volatility Band occured
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