"Weekly Outlook" Posts
Dow 30 Oct 06 to Oct 10 Outlook
By News Robot
Lawrence’s Comment Recap Wild swings continues as expected. Dow flushed pretty much straight down after failing to clear Y-0. 150% range expansion stopped the drop and gave us a bounce beyond majority of traders can believe – back to the crime scene! Closed the week above Y-1 and midpoint. Outlook This is again not a […]
Nasdaq 100 Oct 06 to Oct 10 Outlook
By News Robot
Lawrence’s Comment Recap Gapped down to Y-1 to start the week. Y-0 acting as resistance as expected. The push above Y-0 failed to establish Y-0 as support and collapsed down to Y-1 and free fall until 150% week range was reached. Shorts were squeezed hard until NQ made 100% range. Closed the week below Y-0 […]
GBPUSD Oct 06 to Oct 10 Outlook
By News Robot
Lawrence’s Comment Recap Dropped lower as expected. Cable tried to bounce from Y-2 but failed to clear Y-1. That opened the door to Y-3 and below. By end of the week Cable finally gave in and flushed down to Y-4. Closed the week near Y-4 and week low. Outlook Dropped to Sep low and below […]
USDJPY Oct 06 to Oct 10 Outlook
By News Robot
Lawrence’s Comment Recap Ninja rising wedge into 110 before breaking the support which points at the target of below Y-1. Y-1 reached and 1.08 right below promptly defended it with an all out bounce. Closed the week above Y+1 and midpoint. Outlook Outside week up close above previous week range is supposedly bullish. But the […]
USDCAD Oct 06 to Oct 10 Outlook
By News Robot
Lawrence’s Comment Recap Moved higher to 1.12 as expected. A steep pullback to Y-0 too as if following the script. Y-0 support gave us a run to 100% absolute range expansion. Closed the week above Y+1 and near week high. Outlook Upside objective of above 1.12 is reached. Consolidation is likely around 1.12. Reduced to […]
EURUSD Oct 06 to Oct 10 Outlook
By News Robot
Lawrence’s Comment Recap Y-2 / 1.26 indeed stopped the drop and staged a bounce. Yet it failed to clear Y-1 resulting in another flush lower to near Y-3. Closed the week below Y-2 and near week low. Outlook Euro has expanded its weekly level flush to near 1.25 where it is now over extended by […]
S&P 500 Oct 06 to Oct 10 Outlook
By News Robot
Lawrence’s Comment Recap Gapped down to Y-1 yet found an excuse to move back up to Y-0. Failed to clear Y-0 and fell straight down to Y-3. The reversal was as impressive as the drop – straight back up to Y-1. Closed the week near Y-1 and above midpoint. Outlook Range expansion with close near […]
USDJPY Jan 06 to Jan 10 Outlook
By News Robot
Lawrence’s Comment Recap Sideway quite start for the week. Looking for a stronger pullback and we got that after New Year. Selloff ended at 100% absolute range expansion. Closed the week above Y-0 and midpoint. Outlook As long as Y+1 to B-0 acting as resistance, more downside is expected. B-2 is the first target for […]
AUDUSD Jan 06 to Jan 10 Outlook
By News Robot
Lawrence’s Comment Recap Lower open did not breach the breakout boundary. Yet first try to go higher stalled below Y+1. Successfully defended defended week low leading to upside breakout to Y+2. Closed the week above Y-0 and midpoint. Outlook Outside week and breached the breakout boundary yet failed to close above Y+1. Typical low volume […]
AUDUSD Oct 06 to Oct 10 Outlook
Lawrence’s Comment Recap Wedge broken to the upside, retest the wedge resistance trend line from above. Strong bounce up to first swing resistance and stalled. Closed the week below Y-1 and near week low. Outlook First attempt to break the daily down trend failed. If Aussie finds support around B-1 and break above B-0 decisively, […]