"Weekly Outlook" Posts

S&P 500 Dec 21 to Dec 25 Outlook

By News Robot

Lawrence’s Comment Recap Flushed lower first and then 2000 round number acted as platform for a rally into FOMC announcement as expected. ES sold off since then and dropped back down to week low for option expiration. Closed the week near Y-1 and below midpoint. Outlook Y-0 / B-0 very strong resistance. Holiday trading means […]

EURUSD Dec 21 to Dec 25 Outlook

By News Robot

Lawrence’s Comment Recap FBO against Y+1 gave us directional drop to Y-1 with Y-0 support breached on first try. Closed the week below Y-0 and midpoint. Outlook Seasonal up drift for Euro can last til the end of the month. Holiday mode trading implies Euro may simply stuck within B-1 to B+1 this week.

USDCAD Dec 21 to Dec 25 Outlook

By News Robot

Lawrence’s Comment Recap Longer term upside target of 1.40 tagged. Trend buy all week as shorter term players forced to deal with volatility they never experienced in the past few years. Closed the week near Y+2 and above midpoint. Outlook More upside is in store. FBO againt B+1 will give us a pullback to B-0 […]

GBPUSD Dec 21 to Dec 25 Outlook

By News Robot

Lawrence’s Comment Recap Picture perfect seasonal shift from bullish to bearish mode. Previous week close resistance sent Cable straight down to Y-1 from break of the rising wedge that spanned 2 weeks. Closed the week below Y-1 and near week low. Outlook Seasonal weaknesses will continue til the end of the year.

Dow 30 Dec 21 to Dec 25 Outlook

By News Robot

Lawrence’s Comment Recap 17000 round number support sparked a strong rally back up to 17700. Reactions to FOMC decision the day after were opposite to what most people expected. Beautiful drop back down to week low for the option expiration play. Closed the week below Y-1 and near week low. Outlook More downside likely into […]

USDJPY Dec 21 to Dec 25 Outlook

By News Robot

Lawrence’s Comment Recap Ninja found support below Y-1 as expected and took off back up to the price level before its breakdown swing the week before. FOMC decision caused wild swing in Ninja. Closed the week below Y-0 and midpoint. Outlook Holiday trading in tight range is expected. 50% range points to B-1 support and […]

AUDUSD Dec 21 to Dec 25 Outlook

By News Robot

Lawrence’s Comment Recap Y-0 resistance forced Aussie to drop down to Y-2 / 1.71 round number. Closed the week near Y-1 and below midpoint. Outlook Holiday trading with B-0 / Y-1 strong resistance. Potential drop to Y-3 still in play.

Nasdaq 100 Dec 21 to Dec 25 Outlook

By News Robot

Lawrence’s Comment Recap 4500 support mentioned last week gave us a run back up all the way to Y-0 and FOMC decision helped to push NQ towards the former parking zone at 4680. Option expiration sent NQ back down to below Y-1. Closed the week below Y-1 and midpoint. Outlook More downside in store. Holiday […]

Nasdaq 100 Sep 21 to Sep 25 Outlook

By News Robot

Lawrence’s Comment Recap Y-0 support gave us up drift to B+2. Reaction to FOMC meeting swinged NQ back down to Y-0. Closed the week near Y-0 and below midpoint. Outlook B-0 / Y+1 now strong resistance until proven otherwise. Potential change in trend on daily.

Dow 30 Sep 21 to Sep 25 Outlook

By News Robot

Lawrence’s Comment Recap Tight range expectation did not work out thanks to sudden weaknesses in US dollar. 100% absolute range expansion stopped Dow from going higher. Closed the week below Y-0 and near week low. Outlook The huge open gap above will be filled if Dow can hold B-1. Breaking below B-1 will also break […]