"Weekly Outlook" Posts
Dow 30 Nov 24 to Nov 28 Outlook
By News Robot
Lawrence’s Comment Recap Y-0 held and Y+1 cleared gave us upside breakout. Yet Dow failed to hold Y+1 and dropped back down to week low. Surprise announcements from ECB and then China gave us the shock target of doubling the range / Y+3. Closed the week above Y+2 and midpoint. Outlook Unusual measures from the […]
USDJPY Nov 24 to Nov 28 Outlook
By News Robot
Lawrence’s Comment Recap Y-0 acted as support sending ninja straight up to Y+2. Rising wedge turned into full blown up channel. Closed the week above Y+1 and midpoint. Outlook A pocket at Y+1 is now formed. As long as ninja fails to clear B+1, the pocket and B-1 are in play.
AUDUSD Nov 24 to Nov 28 Outlook
By News Robot
Lawrence’s Comment Recap FBO against Y+1 gave us Y-0 and Y-1 targets early in the week. Directional selling until Y-1 was breached. Found support there and bounced. Closed the week below Y-0 and midpoint. Outlook Outside week with Y-0, midpoint and close near each other points to complete stalemate. This is partly caused by gold’s […]
GBPUSD Nov 24 to Nov 28 Outlook
By News Robot
Lawrence’s Comment Recap Y-1 test confirmed support. Bounced back up but failed to clear Monday high. Closed the week below Y-0 and midpoint. Outlook Tight range consolidation. Ledge is formed. Continuation of trend entering ledge is likely which is down. That puts Y-2 in play.
EURUSD Nov 24 to Nov 28 Outlook
By News Robot
Lawrence’s Comment Recap There is a data problem with the chart. The high made in the beginning of the week was just a little above Y+1. It was a FBO against Y+1 which immediately sent euro back down to the support trend line from past 2 weeks. 2nd attempt to clear Y+1 was stopped right […]
Nasdaq 100 Nov 24 to Nov 28 Outlook
By News Robot
Lawrence’s Comment Recap Pullback stopped right at Y-0. Rallied above Y+1 yet failed to hold above Y+1. Normally we get a drop to Y-1 but again it was not a normal week. 4200 round number above Y-0 acted as support and sent NQ straight back up to week high. Then the rate cut news from […]
S&P 500 Nov 24 to Nov 28 Outlook
By News Robot
Lawrence’s Comment Recap Last week was one of the most volatile option expiration week in recent months. Y-0 held early in the week gave us a run to Y+2. Y+2 rejected we got a drop back down to Y-0. Eventually 2nd try breaking Y-0 failed, ES zoomed higher back near week high with China making […]
Nasdaq 100 Jun 23 to Jun 27 Outlook
By News Robot
Lawrence’s Comment Recap NQ went sideway with 3 pushes up in the beginning of the week. Before FOMC it started its normal move following 3 pushes up targeting week low and Y-1. Then FOMC announcement put a stop to the drop and reversed the course. NQ popped higher but not much more comparing to Dow […]
AUDUSD Mar 24 to Mar 28 Outlook
By News Robot
Lawrence’s Comment Recap Reacted at breakout upper boundary, sent Aussie back to Y-0. Y-0 acted as support, moved back up to Y+1. Closed the week below Y+1 and above midpoint. Outlook As long as Y+1 acting as resistance, a move back down to Y-1 is likely since Y+1 and above at upper boundary was rejected […]
USDCAD Nov 24 to Nov 28 Outlook
Lawrence’s Comment Recap Y-1 acted as support early in the week sending this back up to the down channel top. Channel resistance forced a turn lower and we got the channel support / Y-2 by end of the week. Closed the week below Y-1 and midpoint. Outlook Channel resistance now lowered to Y-0 area. Clearing […]