"Weekly Outlook" Posts
Nasdaq 100 May 18 to May 22 Outlook
Lawrence’s Comment Recap Monday weak close and then gapped down to open gap below. Bounced off at once. Y-0 support led to a squeeze back up to Y+1. Closed the week above Y-0 and midpoint. Outlook Weakest of the 3 major indices. Rising wedge like formation. B+1 resistance can send this back down to B-0 […]
USDJPY May 18 to May 22 Outlook
Dow 30 May 18 to May 22 Outlook
Lawrence’s Comment Recap Y+1 acted as resistance sending Dow back down to the open gap below. Once tagged, Dow bounced back quickly and held the 18000 round number. News shock sent Dow higher clearing Y+1. Closed the week above Y+1 and near week high. Outlook Dow in a complex rising wedge structure that can easily […]
EURUSD May 18 to May 22 Outlook
Lawrence’s Comment Recap B-0 quickly turned into support and sent euro up above Y+1. 100% absolute range expansion stopped the move. Closed the week above Y+1 and near week high. Outlook Euro 4 hour and daily is in a form of 3 pushes up. Once Y+1 turning into resistance euro will likely correct back down […]
GBPUSD May 18 to May 22 Outlook
Lawrence’s Comment Recap Cable holding previous week close early in the week started a breakout until 100% absolute range expansion is reached. Closed the week near Y+2 and above midpoint. Outlook This last push higher clearing 1.56 was a major stop run. This makes the rally unstable and a pullback to B-0 / Y+1 is […]
AUDUSD May 18 to May 22 Outlook
S&P 500 May 18 to May 22 Outlook
Lawrence’s Comment Recap ES failed to clear Friday high and was forced back down to fill the open gap below. Gap filled and ES immediately push back up. Y-0 support gave ES fuel to charge higher and tagged Y+1. Closed the week above Y+1 and near week high. Outlook Complex legs leading to just touch […]
USDCAD May 18 to May 22 Outlook
Lawrence’s Comment Recap Down channel resistance early in the week pressed price down to Y-0 and opened the door to Y-1. Y-1 tested mid week and held. Closed the week below Y-0 and near midpoint. Outlook FBO against Y-1 on daily. Potential run to B+1 and Y+1 as long as Y-1 acting as support.