"Weekly Outlook" Posts
Nasdaq 100 Jul 14 to Jul 18 Outlook
By News Robot
Lawrence’s Comment Recap Affected by the other 2 indices, NQ was pulled down quickly towards Y-0 which induced a flush down to its open gap below from the prior week. Drifted higher since but another market shock forced a gap down to Y-1 which was bought magically. Closed the week above Y-0 and midpoint. Outlook […]
AUDUSD Jul 14 to Jul 18 Outlook
By News Robot
Lawrence’s Comment Recap Aussie carried higher as gold holding onto its gain last week. Spiked through Y-0 but failed to clear the resistance. Closed the week below Y-0 and midpoint. Outlook Consolidation after wide range week is normal. If not for the stop run mid week we would have a perfect 50% consolidation week. Y-0 […]
USDJPY Jul 14 to Jul 18 Outlook
By News Robot
Lawrence’s Comment Recap Y-0 did not even hold up for half a day. Door opened to Y-1 and below. Retest of Y-0 from below failed and gave us Y-1 in 1 go. Closed the week above Y-1 and below midpoint. Outlook Potential reversal last week failed badly. Some support was found below Y-1. We need […]
Dow 30 Jul 14 to Jul 18 Outlook
By News Robot
Lawrence’s Comment Recap The bad news for bulls materialized last week. Dow tried hard to hold every intraday support zone yet breached them all when the news of another bank trouble had surfaced. Interestingly, Dow closed the open gap from the bad news and took off fiercely. Closed the week near Y-0 and above midpoint. […]
USDCAD Jul 14 to Jul 18 Outlook
By News Robot
Lawrence’s Comment Recap First test of Y+1 stopped the run and gave us a slow drift back down to previous week close. Then an excuse was given and gave us the Y+1 breakout I was looking for. Closed the week above Y+1 and midpoint. Outlook Potential reversal in place. As long as B-0 / Y+1 […]
GBPUSD Jul 14 to Jul 18 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation as expected. 50% range. Closed the week above Y-0 and below midpoint. Outlook Inside week with a mildly weak close points to retest of B-1 likely. That can open the door to further pullback down to B-2. This is just normal pullback actions to find acceptance at the current price level. […]
S&P 500 Jul 14 to Jul 18 Outlook
By News Robot
Lawrence’s Comment Recap Suffered same problem like Dow. No holding strength at intraday support levels at all. Did not find real support until 100% range expansion. Closed the week below Y-0 and near midpoint. Outlook Similar to Dow but weaker in formation as Y-1 was cleared. Strong resistance zone created at Y-0 / B-0 zone. […]
Dow 30 Apr 14 to Apr 18 Outlook
By News Robot
Lawrence’s Comment Recap Last week’s warning materialized. Dow collapsed as there is no buyers left at the current level. The buyers showed up below Y-2 could not offset the weekly STOPD resistance. 200% range expansion to the downside. Closed the week near Y-4 and week low. Outlook Critical weekly support below. Monday / Tusday spike […]
AUDUSD Apr 14 to Apr 18 Outlook
By News Robot
Lawrence’s Comment Recap Bullish scenario unfolded. Held Y-0, gave us Y+2 and no pullback since as gold strengthen at the same time. Aussie could not stop going higher until 200% range expansion. Stalled immediately back to midpoint. Closed the week above Y+2 and midpoint. Outlook The tension build up in Ukraine is a surprise to […]
EURUSD Jul 14 to Jul 18 Outlook
Lawrence’s Comment Recap Breached Y-1 in the beginning of the week but did not stay below. Bounced to Y-0 and stopped there as usual. Sold back down to Y-1. Closed the week below Y-0 and midpoint. Outlook Confirmed weaknesses in place but no confirmation of down trend on daily. Frustrating? Yes. But one has to […]