"Weekly Outlook" Posts
EURUSD May 04 to May 08 Outlook
By News Robot
Lawrence’s Comment Recap Euro weekly bear flag progressed up to Y+2. News shock and discovery of stops sent Euro up to Y+3 and then Y+4. Closed the week above Y+3 and midpoint. Outlook Weekly bear flag turned into monthly bear flag / pullback. It will likely be a roller coaster ride from here as lots […]
USDJPY May 04 to May 08 Outlook
By News Robot
Lawrence’s Comment Recap Test of Y-1 as expected. It holds so we get a run back up. Y+1 tagged by end of the week. Closed the week near Y+1 and week high. Outlook Outside reversal week is bullish. Y+2 in play early next week as long as Y+1 acting as support. Pull back to B-0 […]
Dow 30 May 04 to May 08 Outlook
By News Robot
Lawrence’s Comment Recap Gap higher tested the resistance zone as expected. Sold off from there giving us Y-0 and below. That opened the door to Y-1 as Y+1 became solid resistance. Sold off down to Y-1 and then near Y-2. Closed the week near Y-0 and above midpoint. Outlook Y-0 and above now confirmed strong […]
AUDUSD May 04 to May 08 Outlook
By News Robot
Lawrence’s Comment Recap Quick run to B+2 as expected. No resistance there at all giving us a clean move to Y+3 and finish the move by Y+4. Spike reversal from Y+4 sent Aussie straight down to below Y+1. Closed the week above Y-0 and near week low. Outlook V-shape reversal points to instability. If Aussie […]
GBPUSD May 04 to May 08 Outlook
By News Robot
Lawrence’s Comment Recap Cable took out Y+2 as expected and stalled at 100% absolute range expansion. 1-2-3 sell on 4 hour sent cable back to where it started. Closed the week below Y+1 and near week low. Outlook V-shape reversal against the monthly level resistance zone implies the resistance zone is a very strong one. […]
USDCAD May 04 to May 08 Outlook
By News Robot
Lawrence’s Comment Recap Y-1 breached early in the week points to a drop to Y-2 and below in the making. Sold off until Y-2 / 1.20 round number level attracted buyers. Bounced back up since. Closed the week above Y-1 and near week high. Outlook Strong support at Y-1 / B-0 with B+2 in play […]
S&P 500 May 04 to May 08 Outlook
By News Robot
Lawrence’s Comment Recap Gap above Y+1 and failed to hold above. That opened the door to Y-0. Dropped straight down to below Y-0, opening the door to Y-1 with previous week close acting as resistance. ES struggled around Y-0 mid week but eventually gave in to Y-1 and almost Y-2 to fill another open gap […]
Nasdaq 100 May 04 to May 08 Outlook
Lawrence’s Comment Recap Gap above Y+1 and failed to hold above. That started the move to fill the gap below. Gap fill led to a strong bounce but NQ can no longer clear previous week close. 2nd move down tagged the Y-0 target and eventually stopped dropping near the 4400 round number level. Closed the […]