"Weekly Outlook" Posts

Dow 30 May 11 to May 15 Outlook

By News Robot

Lawrence’s Comment Recap Dow gapped up right into the strong resistance zone mentioned last week. Selling just pile on and sent Dow back down to Y-1 as expected. The reaction there was decisively bullish, sending Dow straight back up to Y-0 and opened the door to Y+1. Dow then gapped to Y+1 on NFP report […]

AUDUSD May 11 to May 15 Outlook

By News Robot

Lawrence’s Comment Recap Y-1 and below proven strong support led to strong rally back up to the crime scene before the break down from the week before last. Since then Aussie stalled. Closed the week near Y-0 and midpoint. Outlook Reduced range and closing near both midpoints means indecision. Aussie still not finding its direction […]

GBPUSD May 11 to May 15 Outlook

By News Robot

Lawrence’s Comment Recap Election week started with Y-1 holding up fine, which opened the door to Y-0 and the election results propelled cable back up to Y+1. Closed the week above Y-0 and midpoint. Outlook Outside week strong close within previous week range means Y+1 is not invalidated yet. Until Cable can close above Y+1 […]

USDJPY May 11 to May 15 Outlook

By News Robot

Lawrence’s Comment Recap Ninja tried to hold previous week close early in the week. It even spiked higher but failed to stay above Y+1. FBO led to a drop to Y-0 and below. Found support and bounced. Closed the week above Y-0 and near midpoint. Outlook FBO against Y+1 points to potential drop to Y-1 […]

EURUSD May 11 to May 15 Outlook

By News Robot

Lawrence’s Comment Recap Test of Y-0 as expected. Euro held up well there, led to a run above Y+1. Euro could not stay above and stalled back down. Closed the week below Y+1 and near mipoint. Outlook Consolidation week closing near midpoint and at reduced range. No significant information from the week. If B-0 holds, […]

Nasdaq 100 May 11 to May 15 Outlook

By News Robot

Lawrence’s Comment Recap As I pointed out last week, a healthy pullback takes more than a week. NQ gapped higher into the resistance zone and sold off down to Y-1 and completed the move when 100% absolute range expansion was reached. The bounce was quick and stayed above Y-1 since making it potential FBO against […]

USDCAD May 11 to May 15 Outlook

By News Robot

Lawrence’s Comment Recap Y-0 did not act as support at all on first test. This opened the door to Y-1 and the test of Y-1 led to a strong bounce. Closed the week near Y-0 and midpoint. Outlook Closing near midpoints means indecision. Y-1 / B-1 confirmed strong support, until proven otherwise, as long as […]

S&P 500 May 11 to May 15 Outlook

By News Robot

Lawrence’s Comment Recap ES gapped up to the strong resistance zone as explained last week and could not push higher. A break down from there gave us Y-0 easily and collapsed down to Y-1. 100% absolute range expansion target reached and led to a strong bounce. NFP report on Friday produced a short squeeze so […]