"Weekly Outlook" Posts
AUDUSD Jun 22 to Jun 26 Outlook
GBPUSD Jun 22 to Jun 26 Outlook
Lawrence’s Comment Recap No test of Y-0 with straight up breakout. That gave us Y+2 target. Y+2 tagged easily with 100% absolute range expansion stopped the run. Closed the week above Y+2 and near week high. Outlook Stop run move points to consolidation and a test of B-0 is in order. Resistance at B+1 / […]
USDJPY Jun 22 to Jun 26 Outlook
Lawrence’s Comment Recap As expected, Y-0 resistance with a test of Y-1 after flat line action in the beginning of the week. Closed the week near Y-1 and week low. Outlook Weekly support below 122. If ninja is in its weekly consolidation, 122 will be tested and reactions there will tell us if the weekly […]
Nasdaq 100 Jun 22 to Jun 26 Outlook
Lawrence’s Comment Recap Y-1 support sent NQ back up to take care of the gaps above. Stop run sent NQ above Y+1. Closed the week above Y-0 and midpoint. Outlook Outside week with close below Y+1 is a strong attempt to break the weekly correction / consolidation without confirming the strength. A quick drop back […]
EURUSD Jun 22 to Jun 26 Outlook
Lawrence’s Comment Recap Compression as expected. FBO against Y+1 later in the week did not lead to a breakdown as situation with Greece has no decision yet. Closed the week above Y-0 and midpoint. Outlook Don’t read too much into the price actions. Evertyhing depends on the outcome with Greece and the breakout move will […]
USDCAD Jun 22 to Jun 26 Outlook
S&P 500 Jun 22 to Jun 26 Outlook
Lawrence’s Comment Recap ES FBO against Y-1 forced a run back up to Y-0. Y-0 resistance dropped ES back down to neckline of 1-2-3 buy on 30-min. ES rallied from that support and took out Y+1. 1-2-3 sell from Y+1 dropped ES back down. Closed the week above Y-0 and midpoint. Outlook Outside week closing […]
Dow 30 Jun 22 to Jun 26 Outlook
Lawrence’s Comment Recap Bullish expectation worked out with gaps above all taken care of. Op ex pinned Dow below 18000 round number at Y-0 maximizing the damage to both calls and puts buyers. Closed the week above Y-0 and midpoint. Outlook Y-0 / B-0 strong support until proven otherwise. 3 weeks in a row with […]