"Weekly Outlook" Posts

Dow 30 Jul 13 to Jul 17 Outlook

By News Robot

Lawrence’s Comment Recap What I said last week, “Situation in Greece can cause extreme volatility that do not mean anything.” All week wild swings and ended up with nothing. Closed the week above Y-0 and midpoint. Outlook Problems in Greece and China are not resolved. They are suppressed only. More violent intraday swings until we […]

USDCAD Jul 13 to Jul 17 Outlook

By News Robot

Lawrence’s Comment Recap Momentum carried this higher but not quite up to Y+2 as the week is suppose to consolidate. Entered into tight range congestion most of the week. Closed the week near Y+1 and midpoint. Outlook Bull flag on 4 hours landing at Y+1 is sign of strength. As long as Y+1 holds, a […]

AUDUSD Jul 13 to Jul 17 Outlook

By News Robot

Lawrence’s Comment Recap Momentum carried Aussie lower to Y-2 as expected. No spike low, just drift back up from Y-2 to week mid. Closed the week below Y-1 and near midpoint. Outlook Consolidation after tagging Y-2 is bearish. A test of B-1 is in play. If B-1 can hold this up, a bounce back up […]

Nasdaq 100 Jul 13 to Jul 17 Outlook

By News Robot

Lawrence’s Comment Recap Y-0 resistance sent NQ down to near Y-2 target mentioned last week. Worked out well but then rumors and news shock dominated the rest of the week. Closed the week near Y-0 and above midpoint. Outlook See comments on Dow. Step step sell off on daily in the making. As long as […]

EURUSD Jul 13 to Jul 17 Outlook

By News Robot

Lawrence’s Comment Recap Greece referendum turns out to be a non-event. Euro flushed lower but SNB intervened. Y-1 turned into support after Y-0 was tagged. This setup led to a rally back up until 100% range expansion was reached. Closed the week above Y-0 and midpoint. Outlook Down trend on 4 hour breached with upside […]

GBPUSD Jul 13 to Jul 17 Outlook

By News Robot

Lawrence’s Comment Recap Cannot clear previous week close and led to all out selloff down to Y-3 target. Bounced from Y-3 and tested Y-1 from below. Closed the week below Y-1 and above midpoint. Outlook As long as Y-1 is capping Cable B-1 will be retested. Due to the flush low nature last week, a […]

USDJPY Jul 13 to Jul 17 Outlook

By News Robot

Lawrence’s Comment Recap Similar to Cable, failing to clear previous week close led to a flush down to almost Y-3. Intervention happened and ninja went straight back up to Y-0. Closed the week near Y-0 and week high. Outlook The flush was partly a breakdown but also partly a stop hunt when ninja traded below […]

S&P 500 Jul 13 to Jul 17 Outlook

By News Robot

Lawrence’s Comment Recap Y-0 resistance dropped ES down to 100% range expansion target and spike reversal from there thanks to rumors about Greece. Then ES tested previous resistance zone and collapse right there. Multiple wild swings everyday. Closed the week near Y-0 and above midpoint. Outlook Ledge on daily below prior support, bearish until ES […]

AUDUSD Apr 13 to Apr 17 Outlook

By News Robot

Lawrence’s Comment Recap My staff still not able to take care of the data issue. I will look into this myself this week. Aussie in consolidation drifting back up to test Y+1 eventually. Closed the week near Y+1 and above midpoint. Outlook Gold is staging a potential daily up move and that in turn strengthen […]

GBPUSD Apr 13 to Apr 17 Outlook

By News Robot

Lawrence’s Comment Recap Beautiful whiplash action as expected against Y+1 first and than dropping cable down to my target at Y-2. Closed the week near Y-2 and week low. Outlook Momentum to the down side is too strong for B-1 to hold. Y-1 now strong resistance until proven otherwise. More downside is expected.