"Weekly Outlook" Posts
Dow 30 Nov 17 to Nov 21 Outlook
By News Robot
Lawrence’s Comment Recap No take down to Y-0 happened as BOJ did their deeds again. Dow was moving in lock step with ninja. Up drift all week with light volume. Closed the week above Y+1 and midpoint. Outlook Tight range week. Breakout play in place. Tricky for upside breakout since Y+2 is above B+1. Should […]
AUDUSD Nov 17 to Nov 21 Outlook
By News Robot
Lawrence’s Comment Recap Y-0 did not act as resistance after open gave us a clue that it would not hold on 2nd try. Into mid week, Y-0 cleared and gave us Y+1 target. Strong reaction to Y+1 but Y-0 held up well. Closed the week above Y-0 and midpoint. Outlook Y-0 confirmed support, B+2 this […]
Nasdaq 100 Nov 17 to Nov 21 Outlook
By News Robot
Lawrence’s Comment Recap Test of Y+1 was expected but we did not get any confirmed rejection at all. Breakout above Y+1 gave us the normal breakout target of Y+3. NQ tried to get there. It was close but not quite. Closed the week above Y+2 and near week high. Outlook Y+3 / B+1 resistance will […]
USDJPY Nov 17 to Nov 21 Outlook
By News Robot
Lawrence’s Comment Recap The moment ninja weaken, we have BOJ at it again. 100% absolute range expansion stopped the run. Closed the week above Y+1 and midpoint. Outlook 2nd week stair step rally driven by jawboning. This won’t last as a rising wedge is forming. Breaking below B-0 will start a drop to B-2 / […]
USDCAD Nov 17 to Nov 21 Outlook
By News Robot
Lawrence’s Comment Recap Y-1 support clearly holding the pair up for the week. Consolidation around previous week close. Closed the week below Y-0 and midpoint. Outlook A irregular down channel in place on 4 hour. This can extend the drop to B-1 / B-2 zone. If that results in a quick snap back above B-1, […]
EURUSD Nov 17 to Nov 21 Outlook
By News Robot
Lawrence’s Comment Recap Look at how Y-0 resistance depressing euro almost all week. End of week breakout cleared Y-0 finally. Closed the week above Y-0 and midpoint. Outlook Inside week, close above resistance is bullish. As long as Y-0 / B-0 acting as support as mentioned last week, we have a B+1 and then B+3 […]
S&P 500 Nov 17 to Nov 21 Outlook
By News Robot
Lawrence’s Comment Recap ES broken out of the thin up channel but it did not result in a pullback. The week turned into consolidation. Closed the week above Y+1 and midpoint. Outlook Consolidation above Y+1 is actually bullish for at least a retest of B+1. But B+1 is so close there is not much incentive […]
Nasdaq 100 Mar 17 to Mar 21 Outlook
By News Robot
Lawrence’s Comment Recap NQ failed to clear former resistance from Y-0 has opened the door to gap fill below. Got that in 1 go and a strong bounce was resulted. Yet NQ failed to even tag the week high and stalled already. This lower high drop intensified until 100% absolute range was reached. Closed the […]
USDJPY Mar 17 to Mar 21 Outlook
By News Robot
Lawrence’s Comment Recap As expected, the range is now bounded by the outside week range. Rejected previous week close, ninja simply falling back down to Y-1. Closed the week near Y-1 and week low. Outlook Nikkei weaknesses is one of the driving factor but situation in Ukraine is likely the most important contributing factor. Contrary […]
GBPUSD Nov 17 to Nov 21 Outlook
Lawrence’s Comment Recap Cable bear flag pushed right into the resistance zone mentioned last week. Bear flag broken to the down side and gave us a clean slide to below Y-2 normal expansion target. Closed the week near Y-2 and below midpoint. Outlook Daily down trend continues. Y-1 / B-0 strong resistance. A test of […]