"Weekly Outlook" Posts
GBPUSD May 26 to May 30 Outlook
By News Robot
Lawrence’s Comment Recap Opened holding above the resistance mentioned last week. Cable has no choice but squeezed back up to Y+1. Rejected by Y+1, sending it back down to Y-0 again. Closed the week near Y-0 and below midpoint. Outlook Y+1 rejected decisively creating a strong resistance from Y-0 to B-0. Continuation selloff points to […]
Nasdaq 100 May 26 to May 30 Outlook
By News Robot
Lawrence’s Comment Recap Bullish scenario unfolded as expected. NQ held Y-0, tested Y+1, pullback to Y-0 and took off. Got Y+2 upside target with no heat taken. Closed the week above Y+2 and at week high. Outlook Upside move over extended. Thin upside wedge cannot last. A sharp pullback is expected with Y+1 / B-0 […]
Dow 30 May 26 to May 30 Outlook
By News Robot
Lawrence’s Comment Recap Dow tried to hold the prior support zone but failed. Flushed down to 16300 round number and defended the level. The quick snap back up gave us a go for the original upside target. Tagged the target by end of the week. Closed the week above Y-0 and near week high. Outlook […]
USDJPY May 26 to May 30 Outlook
By News Robot
Lawrence’s Comment Recap Finally a flush lower was allowed. Y-2 downside target tagged. Then BOJ + Japanese government came out jawboning ninja into reversal. Closed the week above Y-0 and near week high. Outlook A forced reversal is in place. It does not matter what caused the reversal. What matters is that it reversed from […]
USDCAD May 26 to May 30 Outlook
By News Robot
Lawrence’s Comment Recap Y-1 acted as support and forced a run back up to Y+1. Strong reaction there gave us a drop back down. Closed the week below Y-0 and midpoint. Outlook Outside week, midpoints near each other but closed within the bottom of the range – indecision with bearish bias. Again, as long as […]
EURUSD May 26 to May 30 Outlook
By News Robot
Lawrence’s Comment Recap Euro made this unusual slow drift back down. 100% absolute range expansion ended the week. Closed the week below Y-1 and near week low. Outlook As mentioned last week, the original preferred price range for euro was 1.32 to 1.36. Euro is just hammered down to 1.36 for a wait-and-see game there. […]
S&P 500 May 26 to May 30 Outlook
By News Robot
Lawrence’s Comment Recap Got the retest I was looking for and dropped to support trend line like playing from a script. ES took off since and went straight up for Y+1. Closed the week above Y-0 and near week high. Outlook Taking too much time to rally into a resistance is bearish. Challenging a resistance […]
AUDUSD May 26 to May 30 Outlook
Lawrence’s Comment Recap Easy play of the week. Y-0 resistance sent Aussie back down to Y-2 as expected. The nice surprise was the cut through with no reaction there at all. 200% absolute range expansion stopped the drop. Closed the week below Y-3 and midpoint. Outlook Y-2 / B-0 resistance above. Momentum too strong for […]