"Weekly Outlook" Posts
Nasdaq 100 Oct 27 to Oct 31 Outlook
By News Robot
Lawrence’s Comment Recap NQ was the bullish one with hint for a run to Y+1 off its Monday action holding Y-0. Then PPT came overnight giving the indices a helping hand to clear Y+1 which led to a squeeze to Y+2. From there all out panic buying was induced. Closed the week above Y+2 and […]
AUDUSD Oct 27 to Oct 31 Outlook
By News Robot
Lawrence’s Comment Recap Aussie tried to push higher can failed due to the obvious weaknesses mentioned last week. Ended up another consolidation week with tight range. Closed the week above Y-0 and midpoint. Outlook 2nd inside week. Compression points to significant breakout in play. Notice strong compression leads to potential whiplash action implying both Y+1 […]
USDJPY Oct 27 to Oct 31 Outlook
By News Robot
Lawrence’s Comment Recap Bear flag on 4 hours broken to the down side gave us a nice drop to Y-0. Y-0 support led to a run for week high and then breakout clearing Y+1. Original bear flag turns into measured move. Closed the week above Y+1 and midpoint. Outlook Measured move so far is just […]
USDCAD Oct 27 to Oct 31 Outlook
By News Robot
Lawrence’s Comment Recap Hands off recommendation was spot on. Consolidation in tight range between Y-0 and Y-1. Closed the week below Y-0 and near midpoint. Outlook Inside week tight range and close near midpoint is indecision. Breakout mode in effect. Levelling off Y-1, however, gives the long side a slight edge over the short side […]
EURUSD Oct 27 to Oct 31 Outlook
By News Robot
Lawrence’s Comment Recap As expected euro is too weak to hold onto its gains. Flushed back down to Y-1 and stuck there. Closed the week below Y-0 and midpoint. Outlook 4 Hour bear flag in place. Y-0 / B-0 strong resistance above. A drop to B-2 is likely if euro breaks B-1 without tagging B-0 […]
Dow 30 Oct 27 to Oct 31 Outlook
By News Robot
Lawrence’s Comment Recap The magic of intervention took Dow back up to where the waterfall selloff started. Leaving behind 3 huge open gaps with the strongest single leg bounce on daily in the history of the US stock market after a 10% correction. Outlook Why Fed panic is the question we have to ask ourselves. […]
S&P 500 Oct 27 to Oct 31 Outlook
By News Robot
Lawrence’s Comment Recap ES simply gapped through the Y+1 resistance mentioned last week. Signature PPT activities detected overnight there. The gap thru led to a strong squeeze up to the crime scene before the waterfall drop into Y-1. Pullback found support at 1920 led to another squeeze to Y+2. Closed the week above Y+2 and […]
Nasdaq 100 Jan 27 to Jan 31 Outlook
By News Robot
Lawrence’s Comment Recap NQ wild swings between previous week close and Y+1. Broke out upside but failed to stay above. That opened the door back down to Y-0. NQ finally catch up with Dow and S&P by Thursday and dropped down to Y-0. Closed the week below Y-0 and at week low. Outlook Strongest among […]
Dow 30 Jan 27 to Jan 31 Outlook
By News Robot
Lawrence’s Comment Recap As mentioned last time, the market is unstable. Violent breakout happened to the downside. Sold off all the way to below Y-3. Closed the week below Y-3 and at week low. Outlook Some more downside is expected early next week. Authorities will likely come out to b.s. the market back up. That […]
GBPUSD Oct 27 to Oct 31 Outlook
Lawrence’s Comment Recap As mentioned last week cable was not strong enough to produce a bullish close hence it has to deal with a pullback first. We got the pullback after the rising wedge was broken to the down side. Y-0 tagged and acted as support. Closed the week above Y-0 and near midpoint. Outlook […]