"Weekly Outlook" Posts
Dow 30 Aug 18 to Aug 22 Outlook
By News Robot
Lawrence’s Comment Recap Support at previous week close gave Dow a platform to go higher. Target Y+2 tagged and then a stop run overnight zoomed YM higher and then collapsed back down to Y+1. Closed the week above Y+1 and midpoint. Outlook As mentioned last week the false bottom should give Dow boost back upto […]
USDJPY Aug 18 to Aug 22 Outlook
By News Robot
Lawrence’s Comment Recap Down channel resistance breached right from the beginning of the week. Gave us an up drift consolidation week. 50% range capped the upside. Closed the week above Y-0 and near midpoint. Outlook Inside week closing between Y-0 and midpoint implies indecision. Breakout play down to B-2 or up to B+2 in the […]
EURUSD Aug 18 to Aug 22 Outlook
By News Robot
Lawrence’s Comment Recap Bottom from last week acting as support as expected but situation in Ukraine and banking problems in Europe is turning the pair into a mess. Closed the week above Y-0 and midpoint. Outlook Inside week closing above Y-0 and midpoint. Not as strong as one would like to see. Setting up FBO […]
GBPUSD Aug 18 to Aug 22 Outlook
By News Robot
Lawrence’s Comment Recap More weaknesses as expected with Y-0 resistance worked out perfectly. Flushed down to below Y-2 target. Closed the week below Y-2 and midpoint. Outlook Cable is simply playing catch up with Euro. Y-1 / B-0 strong resistance zone with Y-4 potential target for sharp bounce back to resistance.
AUDUSD Aug 18 to Aug 22 Outlook
By News Robot
Lawrence’s Comment Recap Found support near Y-1 and started an up drift back to crime scene last week. Closed the week above Y-0 and midpoint. Outlook Another pair with inside week formation. Bear flag on 4-hour and higher timeframes. Breaking bear flag support points to continuation sell below Y-1.
Nasdaq 100 Aug 18 to Aug 22 Outlook
By News Robot
Lawrence’s Comment Recap Bullish scenario unfolded as Y+1 tagged first with Y-0 support leading to a run to Y+2. Option expiration Friday even jumped NQ to Y+3 by open yet failed to hold onto the gain. Closed the week above Y+2 and midpoint. Outlook Potential FBO against previous month high / former year high. Breach […]
S&P 500 Aug 18 to Aug 22 Outlook
By News Robot
Lawrence’s Comment Recap ES found support at previous week close and zoomed to Y+2 right above 3 pushes down target. Strong reaction to Y+2 sent ES back down to Y+1. Closed the week above Y+1 and midpoint. Outlook Classic 3 pushes down target tagged, no more fuel to go higher from here. ES needs to […]
USDCAD Aug 18 to Aug 22 Outlook
Lawrence’s Comment Recap Easy play of the week. The pair simply rejected resistance and dropped to target. Closed the week below Y-1 and midpoint. Outlook Pullback in progress. Strong support between B-1 down to B-2 on weekly and higher timeframes. 1.08 is the magic support / resistance for years in the past. Once B-0 is […]