"Weekly Outlook" Posts
Dow 30 Aug 11 to Aug 15 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation around previous week close at 50% range. End of week rally took Dow back up. Closed the week above Y-1 and midpoint. Outlook Consolidation week with up close not as bullish as it seems. Building on the false bottom with B-0 support Dow can rally back up to B+2.
GBPUSD Aug 11 to Aug 15 Outlook
By News Robot
Lawrence’s Comment Recap Weak pullback not even touching Y-0 ended with another drop to Y-1. Eventually Y-1 was cleared giving us equal distance from previous week close. Closed the week below Y-1 and at week low. Outlook Consolidation action with weak close is bearish. More down side is expected. A quick flush to B-2 early […]
EURUSD Aug 11 to Aug 15 Outlook
By News Robot
Lawrence’s Comment Recap First attempt in the week to hold Y-0 and push higher failed resulting in a drop to Y-1 and Y-2. A strong bottom was then formed with euro pushed back up. Closed the week above Y-0 and midpoint. Outlook The bottom forming was a complex one but it is still a temporary […]
Nasdaq 100 Aug 11 to Aug 15 Outlook
By News Robot
Lawrence’s Comment Recap Strongest among the 3 indices, NQ consolidated between Y-0 and Y-1. NQ also formed a rare down side triangle with potential up side breakout by the end of the week. Closed the week above Y-1 and near midpoint. Outlook As mentioned before NQ is the strongest one on weekly thus it is […]
USDJPY Aug 11 to Aug 15 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation expectation was correct with ninja dropped back down near Y-1 at the support area mentioned last week. Bounce from support failed to clear Y-0 led to another drop to below Y-1. Closed the week above Y-1 and below midpoint. Outlook B-0 / Y-0 resistance can lead to potential down channel over […]
USDCAD Aug 11 to Aug 15 Outlook
By News Robot
Lawrence’s Comment Recap Y+1 cleared as expected. Consolidation action around Y+1. Closed the week above Y+1 and midpoint. Outlook Condolidation with strong close implies above B+1 likely. Strong reversal from above B+1 and below B+2 quickly down to B-0 points to swing top in the making with B-2 and below target.
S&P 500 Aug 11 to Aug 15 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation actions around previous week close. Equal distance from previous week close established. Closed the week above Y-1 and midpoint. Outlook 3 Pushes Down target Y-0. 3 Pushes Down is not a high probability bottom formation, it is mainly a pause before continuation happens. Fit for the option expiration this week that […]
AUDUSD Aug 11 to Aug 15 Outlook
Lawrence’s Comment Recap As expected, Aussie stays weak and failed to clear Y-0. Dropped below Y-1 and stopped at equal distance off previous week close. Closed the week near Y-1 and below midpoint. Outlook Decisive rejection of Y-0 gave us clean break of Y-1 thus Y-2 is still in play. It is also the original […]