"Weekly Outlook" Posts
Nasdaq 100 Jun 01 to Jun 05 Outlook
By News Robot
Lawrence’s Comment Recap NQ dropped initially as expected but it failed to tag Y-2 and a forced FBO led to a quick run above Y+1. Yet, NQ could not stay above Y+1 and dropped back down to Y-0 and week mid eventually. Closed the week near Y-0 and midpoint. Outlook Outside week close near the […]
EURUSD Jun 01 to Jun 05 Outlook
By News Robot
Lawrence’s Comment Recap Started the week below Y-1 and failed to push back above. Dropped down to near Y-3 and found support. Bounced back up. Closed the week below Y-1 and near week high. Outlook Consolidation at 50% range below Y-1 is bearish. B+1 / Y-1 to B+2 is very strong resistance. As long as […]
USDJPY Jun 01 to Jun 05 Outlook
By News Robot
Lawrence’s Comment Recap Ninja held Y+1 and zoomed to Y+2 quickly. Y+2 turned into support and rallied higher to above Y+3. Closed the week above Y+3 and midpoint. Outlook 124 is long term upside target on weekly. From here it will be more difficult to move higher until ninja spend sometime to absorb the move. […]
GBPUSD Jun 01 to Jun 05 Outlook
By News Robot
Lawrence’s Comment Recap Expectation of open gap below to be filled has materialized. Took multiple steps of decline to get the job done. Closed the week below Y-2 and midpoint. Outlook Structure down channel move does not last. If B-1 acts as support, a retest of B-0 / Y-1 zone is likely.
AUDUSD Jun 01 to Jun 05 Outlook
By News Robot
Lawrence’s Comment Recap Bearish expectation worked out. Y-1 resistance sent Aussie down to below Y-2. Closed the week below Y-2 and near week low. Outlook Potential breakdown in the making with target below B-2 if Aussie cannot clear Y-2 / B-0 resistance.
USDCAD Jun 01 to Jun 05 Outlook
By News Robot
Lawrence’s Comment Recap Upside push continue until retest of the crime scene (above Y+2) where the breakdown happened back in April. Closed the week above Y+1 and midpoint. Outlook Weekly up trend clearly wants to push higher but it may take multiple attempts to clear this resistance zone. This will translate to more complex swings […]
S&P 500 Jun 01 to Jun 05 Outlook
By News Robot
Lawrence’s Comment Recap Bearish expectation worked out well. Y-3 downside target tagged easily. Open gap filled below. Rumors spreaded right after to force the market higher. Open gap above got taken care of too. ES stalled from the resistance since. Closed the week below Y-2 and midpoint. Outlook A longer term down trend is in […]
Dow 30 Jun 01 to Jun 05 Outlook
Lawrence’s Comment Recap Bearish expectation worked out nicely. Extreme volatility driving traders to the edge. Closed the week near Y-4 and below midpoint. Outlook Potential daily down channel in the making if B-0 acts as resistance. NFP week will make things more complicated.