"Weekly Outlook" Posts

Dow 30 Jul 11 to Jul 15 Outlook

By News Robot

Lawrence’s Comment Recap Quick steep pullback in the beginning of the week. Then pre-Brexit weekly close acted as support and led to test of Y+1. 2nd attempt at Y+1 cleared the resistance until 50% absolute range was reached. Closed the week above Y+1 and near week high. Outlook Bullish version of consolidation week as Dow […]

GBPUSD Jul 11 to Jul 15 Outlook

By News Robot

Lawrence’s Comment Recap More downside as expected with Y-0 acting as resistance. Cable pushed towards Y-3 target and held up at 1.28 round number. Closed the week near Y-2 and below midpoint. Outlook Potential parabolic move in the making, if so, cable will not move above the Brexit low / Y-0 area and zoom down […]

Nasdaq 100 Jul 11 to Jul 15 Outlook

By News Robot

Lawrence’s Comment Recap Sharp pullback in the beginning of the week fulfilled the minimal pullback expectation. Pre-Brexit weekly close support sent NQ straight up. 50% absolute range expansion reached. Closed the week above Y+1 and near week high. Outlook B-0 / Y+1 now support until proven otherwise. Not a stable trend so far as it […]

AUDUSD Jul 11 to Jul 15 Outlook

By News Robot

Lawrence’s Comment Recap More consolidation actions as expected. Y-0 support and by the end of the week previous week close support sent Aussie gunning for Y+2. Closed the week above Y+1 and at week high. Outlook An up channel is now formed with channel top aligns with Y+2 / crime scene from Brexit. Test of […]

USDCAD Jul 11 to Jul 15 Outlook

By News Robot

Lawrence’s Comment Recap No trend as expected. Y-1 acted as support and gave us a drift up until 100% absolute range expansion was reached. Closed the week above Y-0 and midpoint. Outlook Still trapped in the same weekly level tight range but daily 1-2-3 buy setup is in the making with breakout above Y+1 to […]

EURUSD Jul 11 to Jul 15 Outlook

By News Robot

Lawrence’s Comment Recap No breakout as euro is trapped within previous week tight range. Closed the week below Y-0 and midpoint. Outlook Bear flag breakout to the downside on daily points to retest of Brexit spike low in play. That in turn will lead to waterfall effect of downside breakout to B-3 and below.

USDJPY Jul 11 to Jul 15 Outlook

By News Robot

Lawrence’s Comment Recap Test of B-1 as expected. That did not hold so we got Y-2 normal continuation target. Y-1 then turned into resistance and gave us another push lower. Closed the week near Y-2 and below midpoint. Outlook Slow motion downside actions towards Brexit low points to potential very strong reaction once it is […]

S&P 500 Jul 11 to Jul 15 Outlook

By News Robot

Lawrence’s Comment Recap News driven market condition as noted in last week’s comment materialized. Messy price actions all week due to news / rumours yet our trusted NFP biases all worked out. Closed the week above Y+1 and near week high. Outlook Complex situation here as focus now mainly on US election. A swing top […]

EURUSD Apr 11 to Apr 15 Outlook

By News Robot

Lawrence’s Comment Recap Consolidation in 50% previous week range after wide range week is normal. Closed the week above Y-0 and midpoint. Outlook Ledge on 4 hour points to continuation of the up trend. A push towards the weekly / monthly resistance above at 1.15 will tell us if there is more stops to run. […]

Dow 30 Apr 11 to Apr 15 Outlook

By News Robot

Lawrence’s Comment Recap Breadth weaknesses dictate the week even though there were multiple attempts to rally the market back up. Closed the week below Y-0 and midpoint. Outlook B-0 / Y-0 zone resistance until proven otherwise. Need that to turn into support before Dow can move higher.