"Weekly Outlook" Posts
USDJPY Nov 16 to Nov 20 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation actions around Y+1 most part of the week. Jawboning happened by Japanese officials but no impact on the price actions so far. Closed the week above Y-0 and below midpoint. Outlook 4 hour / daily bull flag points to continuation to the upside likely. Spike low against B-1 above B-2 will […]
Dow 30 Nov 16 to Nov 20 Outlook
By News Robot
Lawrence’s Comment Recap Clean spike and ledge setup worked out perfectly tagging target near Y-3 and no support until 200% range expansion was completed. Closed the week near Y-4 and week low. Outlook The terrorist event in Paris at the end of Friday can lead to unexpected outcome this coming week. Swing resistance stands at […]
USDCAD Nov 16 to Nov 20 Outlook
By News Robot
Lawrence’s Comment Recap Bull flag pullback follow with test of Y+1. Strong reaction against Y+1 yet holding the bull flag resistance / channel top. Closed the week near Y+1 and above midpoint. Outlook Consolidation week with 50% range and close near Y+1 is mildly bullish. Main issue is that there is a lot of money […]
Nasdaq 100 Nov 16 to Nov 20 Outlook
By News Robot
Lawrence’s Comment Recap NQ followed the other 2 indices breaking its daily support and slided down to B-1 and in turn breaking B-2 as mentioned last week. The waterfall effect helped NQ to backfill its huge open gap below. Closed the week below Y-4 and at week low. Outlook Support from B-1 / Y-5 has […]
GBPUSD Nov 16 to Nov 20 Outlook
By News Robot
Lawrence’s Comment Recap Found support from Y-1 / previous week close and started an up drift back up to Y-0. Closed the week below Y-0 and above midpoint. Outlook Thin up channel / up drift back to Y-0 is bearish. Cable may still try to break B+1 to get back to the break down crime […]
S&P 500 Nov 16 to Nov 20 Outlook
By News Robot
Lawrence’s Comment Recap ES smply gap down and break Y-1 right off the start. This opened the door to Y-2. ES struggled to hold up with a bear flag and eventually gave in to tag Y-2 and could not find support until 200% absolute range expansion was reached. Closed the week below Y-4 and at […]
EURUSD Nov 16 to Nov 20 Outlook
By News Robot
Lawrence’s Comment Recap Euro spent all week struggling around Y-1. An attempt to push higher was stopped by 50% range. Closed the week below Y-0 and above midpoint. Outlook Consolidation week near Y-1 is bearish and B+1 is strong resistance. A continuation move down to B-2 likely as long as Y-0 / B+1 can cap […]
Dow 30 Mar 16 to Mar 20 Outlook
By News Robot
Lawrence’s Comment Recap Dow moved back to 18000 before its wild swings lower. All week gaps not filled and price actions going wild. Closed the week above Y-2 and below midpoint. Outlook As explained in my newsletter for premium members, a correction is expected to start from the beginning of March and can last 1 […]
S&P 500 Mar 16 to Mar 20 Outlook
By News Robot
Lawrence’s Comment Recap ES flushed down to Y-2 instead of holding above, that set the stage for strong resistance at Y-1 and more downside. 100% absolute range expansion stopped the drop. Closed the week above Y-2 and below midpoint. Outlook A temporary low could be in place for a consolidation week. Gaps everywhere means wild […]
AUDUSD Nov 16 to Nov 20 Outlook
Lawrence’s Comment Recap Spike low against Y-1 above Y-2 sent Aussie back up to Y-0 as expected. Going sideway since. Closed the week near Y-0 and above midpoint. Outlook Gold test of year low in progress and the outcome can dictate the next move in Aussie. If gold going for all out break down from […]