"Weekly Outlook" Posts
Dow 30 Jul 18 to Jul 22 Outlook
By News Robot
Lawrence’s Comment Recap Dow pushed towards Y+2 and gap thru. Tagged 18500 and stalled. Closed the week above Y+2 and midpoint. Outlook Cannot time the end of a parabolic move but if it ending, the initial drop can be very sudden. Be ready for a snapback down to Y-0 area where this last push up […]
S&P 500 Jul 18 to Jul 22 Outlook
By News Robot
Lawrence’s Comment Recap Y+1 support in the beginning of the week started a stop hunt to the up side. Y+2 tagged and ES went sideway since. Closed the week near Y+2 and above midpoint. Outlook Tight range week can easily produce a whiplash move if B+1 /B+2 zone is proven strong resistance. If so downside […]
USDJPY Jul 18 to Jul 22 Outlook
By News Robot
Lawrence’s Comment Recap Expectation of very strong reaction materialized. Previous week close acted as support and sparked a strong push of 200% absolute range expansion to the upside. Closed the week above Y+2 and midpoint. Outlook The Brexit crime scene finally tagged. B-0 / Y+1 very strong support until proven otherwise.
GBPUSD Jul 18 to Jul 22 Outlook
By News Robot
Lawrence’s Comment Recap Cable held Y-1 and cleared Y-0 for its Brexit low test. Since then Y-0 support sent cable higher until 100% absolute range expansion was reached. Closed the week above Y-0 and near midpoint. Outlook Potential inverted head and shoulder in the making if B+1 is cleared with target B+3. As long as […]
USDCAD Jul 18 to Jul 22 Outlook
By News Robot
Lawrence’s Comment Recap FBO against Y+1 gave us a drop back down to Y-0 and then lower. 100% range expansion stopped the down move. Closed the week near Y-0 and midpoint. Outlook Same problem like past several weeks that Loonie is still range bounded. Until we get a move outside of this range, there is […]
AUDUSD Jul 18 to Jul 22 Outlook
By News Robot
Lawrence’s Comment Recap Channel play as expected. Pushed to Y+2 and stalled. Closed the week near Y+1 and below midpoint. Outlook Channel break down will give us at least B-2 and likely lower.
EURUSD Jul 18 to Jul 22 Outlook
By News Robot
Lawrence’s Comment Recap Quiet week for Euro. Previous week close support created an hourly channelup drift. Stalled at previous week resistance zone. Closed the week below Y-0 and near week low. Outlook Inside week points to breakout mode. So far weekly ledge in place so continuation down is the more likely outcome with target below […]
AUDUSD Apr 18 to Apr 22 Outlook
By News Robot
Lawrence’s Comment Recap Previous week close defended,move back up to the daily congestion upper boundary. Closed the week above Y+1 and near week high. Outlook 4 hour up trend established trying to breakout of the congestion zone. Clean breakout of B+1 will likely give us B+2. FBO against B+1 points to a drop back down […]
GBPUSD Apr 18 to Apr 22 Outlook
By News Robot
Lawrence’s Comment Recap Previous week close support sent cable up to test Y-1. Y-1 resistance dropped this back down to week low / 1.41 round number. Closed the week above Y-0 and near midpoint. Outlook Potential swing bottom in the making as we are getting close to Brexit event. Clean breakout above Y+1 / B+1 […]
Nasdaq 100 Jul 18 to Jul 22 Outlook
Lawrence’s Comment Recap As expected NQ pushed into Y+1 / Y+2 zone. Very quiet option expiration week though. Closed the week above Y+1 and midpoint. Outlook Tight range levitation last week gives us a very powerful breakout setup. Both direction has about equal chance to happen so trade what you see, not what you think.