"Weekly Outlook" Posts
Nasdaq 100 Jun 30 to Jul 04 Outlook
By News Robot
Lawrence’s Comment Recap Y+1 cleared with strength gave us Y+2 quickly. Y+2 rejected resulting in a sharp fall back down to near Y-0 but 100% range expansion successfully stopped NQ from going lower. That led to a coil up until the end of the week. Closed the week above Y+2 and at week high. Outlook […]
GBPUSD Jun 30 to Jul 04 Outlook
By News Robot
Lawrence’s Comment Recap As mentioned last week, cable has little room for pullback if it is really going higher. Well, the bullish pattern gave cable enough strength to consolidate around Y-0. Closed the week above Y-0 and midpoint. Outlook Inside week up close is bullish. Consolidation from up swing is bullish. It gives an edge […]
AUDUSD Jun 30 to Jul 04 Outlook
By News Robot
Lawrence’s Comment Recap Another week of going nowhere as expected. Gold’s strength has helping Aussie to stay above Y-0 most of the week. Closed the week above Y-0 and midpoint. Outlook Reduced range with both Y+1 and Y-0 rejected decisively means breakout play. As long as Aussie is within the range of B+1 / Y+1 […]
USDJPY Jun 30 to Jul 04 Outlook
By News Robot
Lawrence’s Comment Recap Y-0 resistance gave us test of Y-1 and it was cleared with the added bonus of clearing the support trend line formed over the past 2 weeks. Normal target of Y-2 was tagged. Closed the week near Y-2 and week low. Outlook Measured down move points to Y-3 target yet it was […]
Dow 30 Jun 30 to Jul 04 Outlook
By News Robot
Lawrence’s Comment Recap The bearish expectation played out last week. Dow could not clear Y+1 leading to a drop back down to the pre FOMC announcement level. Y-1 support led to a bounce to Y-0. Closed the week near Y-0 and midpoint. Outlook 2nd week with reduced range. Close near Y-0 and B-0. Indecision / […]
USDCAD Jun 30 to Jul 04 Outlook
By News Robot
Lawrence’s Comment Recap Strength in gold helping to push this pair lower. Resistance at 1.08 was not even challenged. Y-1 resistance gave way to Y-2 target. Closed the week below Y-2 and at week low. Outlook A flush through B-1 down to B-2 / Y-3 with a snap back up above B-1 is sign of […]
S&P 500 Jun 30 to Jul 04 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation with a pullback to Y-0 as expected. No serious attempts were made to even challenge the Y+1 level until the end of the week. Closed the week below Y+1 and above midpoint. Outlook Y+1 / B+1 strong resistance zone. As long as ES cannot close above B+1 on daily basis, a […]
EURUSD Jun 30 to Jul 04 Outlook
Lawrence’s Comment Recap Sideway drift continues with Y-0 acted as support in the beginning of the week which gave us a run to Y+1. Y+1 rejected gave us a move back down to Y-0. Y-0 was rejected again leading to Y+1 retest. Closed the week near Y+1 and week high. Outlook Euro in slow up […]