"Weekly Outlook" Posts
Dow 30 Aug 08 to Aug 12 Outlook
By News Robot
Lawrence’s Comment Recap Y-0 resistance dropped Dow to Y-1 and then Y-2. Found support at Y-2 and zoomed back up to Y-1 and NFP Friday took Dow up to Y+1. Outlook Not your typical NFP week but the script was played out as expected. Weekly bull flag upside breakout gave us Y+2 July high target.
USDJPY Aug 08 to Aug 12 Outlook
By News Robot
Lawrence’s Comment Recap 50% range as expected. Consolidation actions. Closed the week near Y-1 and midpoint. Outlook The monthly resistance of 100-102 from years ago is now support. Being able to build a base at this level means first target upside at Y-0 / B+2 is likely.
AUDUSD Aug 08 to Aug 12 Outlook
By News Robot
Lawrence’s Comment Recap Y+1 resistance sent Aussie lower back down to Y-0. Y-0 support pushed Aussie back up above Y+1. Previous week close turning into support gave aussie one more push higher. Closed the week near Y+1 and above midpoint. Outlook Aussie rising wedge in the making. Y+1 / B-0 support can send Aussie higher […]
Nasdaq 100 Aug 08 to Aug 12 Outlook
By News Robot
Lawrence’s Comment Recap 1-2-3 sell from Y+1 gave us Y-0. Y-0 support sent NQ back up to Y+1 and breakout to Y+2. Closed the week near Y+2 and week high. Outlook Uptrend intact. B+1 resistance can drop NQ back down to B-0. Until B-0 turning into resistance bulls are still in control.
GBPUSD Aug 08 to Aug 12 Outlook
By News Robot
Lawrence’s Comment Recap Spike and ledge setup trigger by FBO against Y+1 first, giving way to Y-1. Closed the week near Y-1 and week low. Outlook If last week is the 2nd leg of a measured move, Y-2 target below is still in play. If it is a complex spike and ledge breakdown, we get […]
USDCAD Aug 08 to Aug 12 Outlook
By News Robot
Lawrence’s Comment Recap Summer thin trading volume gave us a week of bouncing between two extremes. Closed the week above Y-0 and near week high. Outlook Weekly pullback context still valid. As long as this basing actions continue, we are going to see new high this year.
S&P 500 Aug 08 to Aug 12 Outlook
By News Robot
Lawrence’s Comment Recap FBO against Y+1 gave us Y-0 and then Y-1. Tight range breakdown led to a slide down to Y-2. Y-2 support sent ES back up to Y-0. NFP Friday cleared Y+1. Closed the week above Y+1 and near week high. Outlook Slingshot move points to more upside. Sentiment is also too bearish […]
USDJPY Feb 08 to Feb 12 Outlook
By News Robot
Lawrence’s Comment Recap Currency war at its finest – ninja found resistance at previous week close and dropped itself down to Y-0. In turn words exchange at the central bank level broken Y-0 support and sent ninja back down below Y-1. Closed the week below Y-1 and near week low. Outlook Another week of 500 […]
Dow 30 Feb 08 to Feb 12 Outlook
By News Robot
Lawrence’s Comment Recap Limited upside done on Monday. Held onto 50% pullback from the swing low 2 weeks prior. Test of Monday high failed and stalled back down to Y-0. Closed the week near Y-0 and midpoint. Outlook Stronger than both ES and NQ, Dow defended Y-0 by close. As long as Y-0 holds, Dow […]
EURUSD Aug 08 to Aug 12 Outlook
Lawrence’s Comment Recap Swing top formed with FBO against Y+1. Collapsed back down to Y-0. Closed the week near Y-0 and below midpoint. Outlook Y+1 / B-0 now resistance until proven otherwise. Y-1 downside target still in play from FBO setup.