"Weekly Outlook" Posts

Dow 30 Dec 14 to Dec 18 Outlook

By News Robot

Lawrence’s Comment Recap Dow in consolidation mode until trouble in Asia spreaded. Sell shock produced a 100% expansion off the tight range and Y-2 was tagged. Closed the week near Y-2 and week low. Outlook 17000 round number strong support. Spike low early in the week will give us a platform for year end rally.

AUDUSD Dec 14 to Dec 18 Outlook

By News Robot

Lawrence’s Comment Recap Channel support breached gave us Y-1 as expected. Wild up swing testing the channel support from below failed to clear the resistance and sent Aussie down to Y-1 again. Closed the week near Y-1 and week low. Outlook Break of B-1 will give us B-3 quickly.

GBPUSD Dec 14 to Dec 18 Outlook

By News Robot

Lawrence’s Comment Recap Cable tried to hold Y-0 yet flushed through. Then the crime scene right below held it up and force cable back above Y-0 and produced a squeeze up to Y+1 quickly. Closed the week above Y+1 and near week high. Outlook Seasonal up drift continue until FOMC announce this week is likely. […]

EURUSD Dec 14 to Dec 18 Outlook

By News Robot

Lawrence’s Comment Recap Minimal pullback and test of Y+1 stopped at 50% range. Closed the week near Y+1 and above midpoint. Outlook FBO against B+1 with a quick drop below B-0 will lead to a drop to B-2 and below.

S&P 500 Dec 14 to Dec 18 Outlook

By News Robot

Lawrence’s Comment Recap Y-0 failed to act as support right from the start of the week. Dropped to Y-1 since and then breakdown to Y-2. Closed the week below Y-2 and near week low. Outlook 2000 strong support zone for longer term swing bottom. Volatility can flush ES lower first though before it snap back […]

USDJPY Dec 14 to Dec 18 Outlook

By News Robot

Lawrence’s Comment Recap Sideway actions expected yet news shock forced ninja to breakout to the downside. Cleared Y-1 decisively and turned into resistance. 200% absolute range expansion. Closed the week near Y-3 and week low. Outlook Key support on weekly is 120. If ninja can bounce off that quickly early next week a fight to […]

USDCAD Dec 14 to Dec 18 Outlook

By News Robot

Lawrence’s Comment Recap Upside breakout got Y+3 target quickly. Y+3 turned into support and sent this higher. Stop run took over and cleared 1.37. Closed the week above Y+5 and at week high. Outlook 350 pips run in Canadian dollar is very rare. Long term bullish view worked out beautifully. More upside is in store […]

Nasdaq 100 Dec 14 to Dec 18 Outlook

By News Robot

Lawrence’s Comment Recap NQ weaknesses let to quick break of Y-0. Since then NQ cannot clear 4700 and dropped to Y-1. When trouble in Asia spread to US, NQ break down to weekly support. Closed the week below Y-1 and near week low. Outlook 4500 / Y-2 on the line. That holds we get a […]

Nasdaq 100 Sep 14 to Sep 18 Outlook

By News Robot

Lawrence’s Comment Recap Flip-flop all week as expected. 50% range again. Closed the week above Y-0 and near midpoint. Outlook 2nd week 50% range points to range expansion is coming soon so expect extreme swings again. Remember volatility is not a sign of directional change until confirmed by price patterns. A test of B+2 can […]

S&P 500 Sep 14 to Sep 18 Outlook

By News Robot

Lawrence’s Comment Recap ES gapped above Y-0 and sparked a squeeze back up to Y+1. Y+1 resistance sent ES back down to Y-0 and below. ES attempted to fill the gap below. Closed the week near Y-0 and below midpoint. Outlook Y-0 / B-0 resistance for the completion of gap fill below. B-2 test likely […]