"Weekly Outlook" Posts
Nasdaq 100 May 25 to May 29 Outlook
Lawrence’s Comment Recap Consolidation week with very thin volume. 50% previous week range bounded the activities. Closed the week above Y+1 and midpoint. Outlook Tight range week points to breakout mode in play. B+3 and B-3 are the targets. B-3 aligned with the open gap below is a strong magnet. See comments on Dow regarding […]
USDJPY May 25 to May 29 Outlook
GBPUSD May 25 to May 29 Outlook
Lawrence’s Comment Recap Pullback to support zone mentioned last week as expected. Attempt to bounce back up failed to clear 1.57 weekly resistance. Closed the week below Y-0 and midpoint. Outlook Inside down week with midpoints near each other is mildly bearish. It points to test of Y-1 likely. A break of Y-1 points to […]
EURUSD May 25 to May 29 Outlook
AUDUSD May 25 to May 29 Outlook
Lawrence’s Comment Recap FBO scenario played out. Easy drop to target by the end of the week. Closed the week below Y-1 and near week low. Outlook Daily up trend ended with FBO on weekly high is very bearish. This also signal a problem with gold. Consolidation after a move like this is likely with […]
USDCAD May 25 to May 29 Outlook
Lawrence’s Comment Recap Bullish expectations played out and upside breakout normal target of Y+2 was tagged. Momentum strong enough sending price higher with former resistance acting as support. Closed the week above Y+2 and near week high. Outlook More upside is expected. Consolidation will keep price holding around B+1.
S&P 500 May 25 to May 29 Outlook
Lawrence’s Comment Recap Tight range consolidation all week even though US dollar has strengthen across the board last week. Good example of low participation translate into meaningless price movements on higher timeframes. Closed the week above Y+1 and near midpoint. Outlook See Dow comments for overall expectations. Premium members please read the newsletter special update.
Dow 30 May 25 to May 29 Outlook
Lawrence’s Comment Recap Consolidation week before Memorial holiday is the norm and we got exactly that last week. Tight range consolidation around Y+1. Closed the week below Y+1 and midpoint. Outlook Mild bearish reading in custom market breadth points to pullback on daily in the making. Once B-1 is breached, we can expect 100% expansion […]