"Weekly Outlook" Posts
Nasdaq 100 Oct 19 to Oct 23 Outlook
By News Robot
Lawrence’s Comment Recap In sync with Dow, but weaker, NQ struggled to clear Y+1 and eventually fall back down to Y-0. Y-0 support gave it fuel to go up to Y+2. Closed the week near Y+2 and week high. Outlook Rising wedge actions point to potential breakdown play with B-1 target. Clearing B-1 quickly will […]
GBPUSD Oct 19 to Oct 23 Outlook
By News Robot
Lawrence’s Comment Recap Y+1 acted as resistance on first test and sent cable down to support zone mentioned last week. Cable rallied straight up from support back up to Y+2 my upside target. Closed the week above Y+1 and midpoint. Outlook Y+1 now support until proven otherwise. Retest of B+1 likely.
USDJPY Oct 19 to Oct 23 Outlook
By News Robot
Lawrence’s Comment Recap Y-0 resistance sent ninja down to Y-1. Y-1 failed to hold it up and led to a slide down to Y-2 and a retest of the spike low at Y-3. Ninja bounced to Y-2 and then collapsed down to Y-4. Spike reversal happened right after. Closed the week below Y-1 and above […]
USDCAD Oct 19 to Oct 23 Outlook
By News Robot
Lawrence’s Comment Recap Y-1 acted as support. Bounced back up to Y-0 and found resistance. Dropped to equal distance below previous week close. Closed the week near Y-1 and below midpoint. Outlook Consolidation week with close near Y-1 and midpoint is normal after a strong trending week. Continuation to the down side is possible if […]
EURUSD Oct 19 to Oct 23 Outlook
By News Robot
Lawrence’s Comment Recap Euro held support mentioned last week and rallied to normal Y+2 upside target. Strong reaction against Y+2 gave us a drop back down to Y+1. Closed the week below Y+1 and near week low. Outlook Spike reversal points to more downside from here. Bear flag is now broken with Y+1 / B-0 […]
AUDUSD Oct 19 to Oct 23 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation at 50% week range. Initial FBO against Y+1 led to a pullback to Y-0. Y-0 held and gave us a retest of Y+1. Closed the week above Y-0 and below midpoint. Outlook Consolidation after strong move often favour the continuation of the original trend. As long as Y-0 / B-1 holds, […]
S&P 500 Oct 19 to Oct 23 Outlook
By News Robot
Lawrence’s Comment Recap Just like Dow and NQ, ES tried hard to clear Y+1 and failed. Stalled back down to Y-0 and found support. 2nd try cleared Y+1 and got my upside target mentioned last week. Closed the week above Y+1 and near week high. Outlook ES topping from B+1 / B+2 zone will give […]
USDCAD Jan 19 to Jan 23 Outlook
By News Robot
Lawrence’s Comment Recap Target of 1.20 tagged early in the week. Then SNB mess sent this back down to Y-0 support. A squeeze was launched with parabolic target at Y+3 tagged by the end of the week. Closed the week near Y+2 and above midpoint. Outlook 1.20 is long term parking zone. It will be […]
Dow 30 Jan 19 to Jan 23 Outlook
By News Robot
Lawrence’s Comment Recap Y-0 support sent Dow back up to Y+1 for a test. We know it is strong resistance and Dow reacted to it and dropped straight down to Y-1. The mess from SNB made Dow not able to move on its own by the end of the week so it drifted back up. […]
Dow 30 Oct 19 to Oct 23 Outlook
Lawrence’s Comment Recap Dow tried hard to stay above Y+1 and its failure to do so led to a pullback capped by 50% previous week range. Strong rally off the support brought Dow back up to week high and above. Closed the week above Y+1 and near week high. Outlook Interesting option expiration price actions […]