"Weekly Outlook" Posts
Nasdaq 100 May 09 to May 13 Outlook
By News Robot
Lawrence’s Comment Recap Pullback to near Y-0 as expected. Going sideway consolidation around previous week close in 50% range. Closed the week above Y-1 and near midpoint. Outlook Consolidation after wide range trend selling usually leads to continuation. Until NQ can clear B+1 daily down trend is intact.
USDJPY May 09 to May 13 Outlook
By News Robot
Lawrence’s Comment Recap Bounced back up in tight range around Y-1 is normal after the sudden wide range reversal. Closed the week above Y-1 and midpoint. Outlook As long as Y-1 / B-0 holds, a move back upto B+2/ Y-0 likely.
Dow 30 May 09 to May 13 Outlook
By News Robot
Lawrence’s Comment Recap Pullback to Y-0 and collapsed. Y-1 defended on first touch but failed to hold upon 2nd time. Closed the week below Y-0 and near midpoint. Outlook Retest of Y-0 resistance potential but not necessary. 3 pushes down pattern points to the same upside target. Potential down channel in the making on daily.
GBPUSD May 09 to May 13 Outlook
By News Robot
Lawrence’s Comment Recap Rising wedge broken and gave us Y-1 as expected. Closed the week near Y-1 and week low. Outlook The monthly resistance is now confirmed. B-0 / Y+1 very strong resistance for more downside.
EURUSD May 09 to May 13 Outlook
By News Robot
Lawrence’s Comment Recap The expected run towards 1.15 resulted in a spike reversal at Y+2. Closed the week below Y+1 and near week low. Outlook Very strong resistance Y+1 / B-0 with B-2 in play.
AUDUSD May 09 to May 13 Outlook
By News Robot
Lawrence’s Comment Recap Popped higher totest0.77 as expected. Clean break of Y-1 led to a drop to Y-3 normal range expansion target. Closed the week below Y-2 and near week low. Outlook Aussie weekly up trend broken and daily down trend is now in place. Y-1 / B-0 resistance until proven otherwise.
S&P 500 May 09 to May 13 Outlook
By News Robot
Lawrence’s Comment Recap Short squeeze on rumors back up to Y-0. Collapsed right after back down to Y-1. Equal distance target below tagged by end of the week off previous week close. Closed the week near Y-0 and below midpoint. Outlook Down channel resistance at open gap above. If ES cannot clear B-0 on daily […]
USDCAD May 09 to May 13 Outlook
Lawrence’s Comment Recap Falling wedge completed with FBO against Y-1 gave us reversal back up to Y+3. Closed the week above Y+2 and near week high. Outlook This reversal is expected and just a matter of time for the weekly pullback to complete. Strong support at B-0 with retest of year high in play.