"Weekly Outlook" Posts
USDCAD Jul 04 to Jul 08 Outlook
GBPUSD Jul 04 to Jul 08 Outlook
Lawrence’s Comment Recap Tight range consolidation around Y-1. Political drama affecting cable all week. Closed the week near Y-1 and midpoint. Outlook Sideway action after directional drop points to more downside. Until we see strong reaction to major support levels below, trend is still down with B-3 in play.
EURUSD Jul 04 to Jul 08 Outlook
Lawrence’s Comment Recap Gapped lower to start the week yet rumors and b.s. from European officials helped Euro to drift higher towards Y-0. Closed the week below Y-0 and above midpoint. Outlook Whole Europe is now in panic mode. Any news shock can easily swing Euro 200 pips both ways. Inside week points to breakout […]
Nasdaq 100 Jul 04 to Jul 08 Outlook
Lawrence’s Comment Recap More downside as expected. Y-2 support sent NQ straight back upto Y-0. Y-0 breakout gave us a squeeze to fill the gap above. Closed the week above Y-0 and near week high. Outlook Y+1 / open gap above upside target also important resistance on first touch basis. A sudden sharp drop is […]
Dow 30 Jul 04 to Jul 08 Outlook
Lawrence’s Comment Recap 17000 round number / Y-2 zone proven deadly for the bears. Y-0 normal reversal target tagged quickly and caught many shorts by surprise. Open gap fill above sent Dow straight up. Closed the week near Y+1 and week high. Outlook The biggest 5 day run in the past 5 years, enough said. […]
AUDUSD Jul 04 to Jul 08 Outlook
S&P 500 Jul 04 to Jul 08 Outlook
Lawrence’s Comment Recap As expected, ES dropped below 2000 to challenge its monthly support zone. Picture perfect Y-2 test sent ES striaght back up to Y-1, breakout and zoom higher to Y-0 and then gun for open gap fill at Y+1. Closed the week above Y-0 and near week high. Outlook V-shape reversal points to […]
USDJPY Jul 04 to Jul 08 Outlook
Lawrence’s Comment Recap Consolidation around previous week close in tight range. Closed the week below Y-0 and near midpoint. Outlook Test of B-1 likely. B-1 acting as support will give us B+1 and above.