"Weekly Outlook" Posts
Dow 30 Oct 05 to Oct 09 Outlook
By News Robot
Lawrence’s Comment Recap Retest of Y-1 happened as expected. FBO against Y-1 gave us a pop back up to Y-0. NFP Friday gapped Dow lower to Y-1 which is strong support due to FBO setup. Clean run up to crime scene from the week before. Closed the week above Y-0 and near week high. Outlook […]
AUDUSD Oct 05 to Oct 09 Outlook
By News Robot
Lawrence’s Comment Recap Y-1 retest as expected. Y-1 support gave us a run for Y-0. Y-0 tagged and Aussie went sideway since. Closed the week below Y-0 and above midpoint. Outlook Double bottom setup on 4 hours points to a slow drift up to above B+1 / 0.71 crime scene as long as B-0 acting […]
Nasdaq 100 Oct 05 to Oct 09 Outlook
By News Robot
Lawrence’s Comment Recap Couldn’t form a low early in the week above 4100 led to the expected stop hunt mentioned last week. Since then NQ gapped back up above 4100 and fought its way back up to challenge Y-1. NFP gave NQ the fuel needed to clear Y-1 and rushed back up to the crime […]
EURUSD Oct 05 to Oct 09 Outlook
By News Robot
Lawrence’s Comment Recap Euro attempted to go lower yet not able to break Y-1. Cleared Y-0 right after yet not able to push higher. Consolidation actions until NFP Friday that led to wild swings both ways. Closed the week near Y-0 and midpoint. Outlook Inside week closing near both midpoints points to breakout play. Since […]
GBPUSD Oct 05 to Oct 09 Outlook
By News Robot
Lawrence’s Comment Recap Cable consolidated around previous week close in extreme tight range. Not even 50% previous week range was made. Closed the week near Y-1 and midpoint. Outlook Consolidation in tight range after wide range week often points to continuation. Y-1 / B-0 support can send cable higher to B+2 / Y-0 but that […]
USDCAD Oct 05 to Oct 09 Outlook
By News Robot
Lawrence’s Comment Recap Y-0 support as expected gave us the continuation move to take out Y+1. Since then FBO against Y+1 gave us a clean drop to Y-0 and breaking below quickly points to Y-1 target. Y-1 tagged by Friday. Closed the week below Y-1 and at week low. Outlook Outside down week is bearish. […]
S&P 500 Oct 05 to Oct 09 Outlook
By News Robot
Lawrence’s Comment Recap Flushed down to Y-2 and found support. Gapped higher to test Y-1 and stalled. Swinged around Y-1 while waiting for NFP. NFP Friday open held the open gap below and forced a run back up to Y-0 and above. Closed the week above Y-0 and near week high. Outlook Reversal setup in […]
Dow 30 Jan 05 to Jan 09 Outlook
By News Robot
Lawrence’s Comment Recap Classic seasonal bias for the last two weeks of the year is mild positive gain, so it is not as bad as many thinks about the selloff into end of 2014 since past 2 years the return was exceptional. Closed the week below Y-1 and midpoint. Outlook Dow seldom not putting up […]
AUDUSD Jan 05 to Jan 09 Outlook
By News Robot
Lawrence’s Comment Recap Aussie took off from the falling wedge visible on 4 hour and daily. Tagged the wedge target and stalled. Y+1 failed to provide support so FBO kicked in with free fall back down to Y-1. Closed the week below Y-1 and at week low. Outlook Aussie is still mainly tied to the […]
USDJPY Oct 05 to Oct 09 Outlook
Lawrence’s Comment Recap As expected no strong directional move with Y-1 and Y-0 boundaries pretty much trapped the price actions all week. NFP led to the sudden swing breaking below Y-1 but it is not confirmed on daily as price snapped back up immediately. Closed the week below Y-0 and above midpoint. Outlook Still within […]