"Weekly Outlook" Posts

Dow 30 Oct 12 to Oct 16 Outlook

By News Robot

Lawrence’s Comment Recap Dow gapped above weekly resistance and cleared the open gap above right from the start. This set the stage for a run to Y+2. Y+2 turned into support sending Dow up to Y+3. Closed the week above Y+3 and near week high. Outlook 100% range expansion directional run is sign of exhaustion. […]

Nasdaq 100 Oct 12 to Oct 16 Outlook

By News Robot

Lawrence’s Comment Recap NQ gapped above Y+1 and filled the open gap above early in the week. Since then NQ struggled to go higher but holding onto its support at Y+1. End of week rally carried NQ to its normal upside target of Y+2. Closed the week near Y+2 and week high. Outlook As explained […]

USDJPY Oct 12 to Oct 16 Outlook

By News Robot

Lawrence’s Comment Recap As expected Y+1 was tagged. Y+1 resistance sent ninja back down to Y-0. 50% range bounded all the actions. Closed the week above Y-0 and midpoint. Outlook No strong directional hint of any kind as ninja is stuck in this range for months now. On monthly basis though, this is just consolidation […]

GBPUSD Oct 12 to Oct 16 Outlook

By News Robot

Lawrence’s Comment Recap Rallied from the support zone mentioned last week and tagged Y+2 and above as expected. Y+3 crime scene tagged and stopped the run up. Closed the week near Y+2 and above midpoint. Outlook Wide range reversal with strong close likely produce a follow thru after a mild pullback. This puts B-0 / […]

USDCAD Oct 12 to Oct 16 Outlook

By News Robot

Lawrence’s Comment Recap Dropped to B-2 with 1.31 not acting as support at all. This gives way to 1.30 round number and below. Closed the week below Y-2 and near week low. Outlook Weeks of build up to push above the yearly resistance has failed on its first try on monthly basis. That points to […]

EURUSD Oct 12 to Oct 16 Outlook

By News Robot

Lawrence’s Comment Recap Upside breakout after compression around Y-0. 100% expansion off the tight range tagged by end of the week but failed to tag the normal Y+2 target. Closed the week above Y+1 and midpoint. Outlook Weak breakout means euro has to prove its strength by holding up at Y+1. Failing to do so […]

AUDUSD Oct 12 to Oct 16 Outlook

By News Robot

Lawrence’s Comment Recap Upside swing expectation played out. Y+2 and Y+3 tagged quickly turned the week into all out short squeeze. 200% range expansion reached. Closed the week above Y+4 and near week high. Outlook Gold strengthen played an important role in the performance of Aussie last week. The push to Y+3 was expected but […]

S&P 500 Oct 12 to Oct 16 Outlook

By News Robot

Lawrence’s Comment Recap ES gapped higher and zoomed to Y+2 right from the start. This opened the door to gap and go week with Y+3 target. ES traded in tight range drifting up until former resistance was finally cleared. Closed the week above Y+2 and near week high. Outlook Y+3 target still in play and […]

Nasdaq 100 Jan 12 to Jan 16 Outlook

By News Robot

Lawrence’s Comment Recap Volatility picked up as expected. Dropped to Y-3 and bounced. Zoomed back up to previous year close and have that taken care of. Closed the week near Y-1 and above midpoint. Outlook B-0 gap likely retested. Failing to hold above Y-2 will send NQ down to B-1 retest. Can be the start […]

Dow 30 Jan 12 to Jan 16 Outlook

By News Robot

Lawrence’s Comment Recap The biggest drop in Dow during first 3 days of a year ever happened. Then a equally impressive recovery back to above previous year close was made in just 2 days. By Friday though Dow dropped lower and failed to hang onto positve close for the year. Closed the week at Y-1 […]