"Weekly Outlook" Posts
EURUSD Dec 15 to Dec 19 Outlook
By News Robot
Lawrence’s Comment Recap Rejected Y-1 early in the week provided fuel for Euro to challenge Y+1. Stopped at 100% absolute range expansion. Y-0 acted as support on pullback. Closed the week above Y-0 and midpoint. Outlook Y+1 / B+1 strong resistance zone. As explained last week, if Euro jumped above Y+1, a squeeze will take […]
Nasdaq 100 Dec 15 to Dec 19 Outlook
By News Robot
Lawrence’s Comment Recap NQ followed the seasonal selloff script to the T. Y-3 acted as support twice before being breached on the 3rd try. Closed the week below Y-3 and at week low. Outlook The backfill is necessary as NQ has been rallying for months with no support zone built anywhere below. This selloff helps […]
USDJPY Dec 15 to Dec 19 Outlook
By News Robot
Lawrence’s Comment Recap As expected the exhaustion run led to a strong pullback. Y-0 did not act as support and led to all out sell off back down to Y-1. Y-1 was breached and support was discovered right below. Closed the week below Y-0 and midpoint. Outlook Outside week down close. Bearish but that Japan […]
AUDUSD Dec 15 to Dec 19 Outlook
By News Robot
Lawrence’s Comment Recap Aussie moved under Y-1 as expected and attempts to pop it higher was seen without touching Y-2. Yet there was no strength to push Assuie higher to clear the Y-0 resistance. Consolidation around week open in tight range. Closed the week below Y-1 and midpoint. Outlook Consolidation after strong selling points to […]
GBPUSD Dec 15 to Dec 19 Outlook
By News Robot
Lawrence’s Comment Recap FBO against Y-1 early in the week sent cable back up to 100% absolute range expansion. Stalled from there since. Closed the week above Y-0 and midpoint. Outlook Signs of a bottom in the making. However, cable may have to retest B-0 and near Y-1 first to form a proper bottom.
Dow 30 Dec 15 to Dec 19 Outlook
By News Robot
Lawrence’s Comment Recap As stated in my newsletter to my premium members, an average of 2% drop is expected in December before year end rally can happen. And here we are, having the quick flush down to Y-4 right on schedule. Closed the week below Y-4 and at week low. Outlook Monday’s reaction to the […]
S&P 500 Dec 15 to Dec 19 Outlook
By News Robot
Lawrence’s Comment Recap Seasonal sell worked out beautifully cleaning out the late buyers over the past few weeks. Closed the week below Y-4 and at week low. Outlook Seasonal bias to the downside is used up. Option expiration this week will keep the volatility higher than usual.
AUDUSD Sep 15 to Sep 19 Outlook
By News Robot
Lawrence’s Comment Recap Aussie breached Y-0 and gave us a nice drop to Y-1. Failed to hold Y-1 and broke down to Y-2 and then Y-3 before it could bounce. Y-2 resistance sent it down to Y-4 eventually. Closed the week below Y-4 and near week low. Outlook Gold’s weaknesses foretell this pullback in Aussie […]
Nasdaq 100 Sep 15 to Sep 19 Outlook
By News Robot
Lawrence’s Comment Recap Test of Y+1 failed on first try sent NQ back down to Y-0. Y-0 support sent NQ on 2nd try to Y+1. FBO Y+1 sent NQ down to almost Y-1 but stopped at 100% absolute expansion. Took Dow and ES going weak to drag NQ down to Y-1. Closed the week below […]
USDCAD Dec 15 to Dec 19 Outlook
Lawrence’s Comment Recap Normal scenario unfolder. Y-0 acted as support with Y+1 not acting as resistance. Paved way to Y+2 and materialized later in the week. Closed the week above Y+2 and near week high. Outlook Up channel in place making it hard to go much higher until some form of pullback happens. FBO against […]