"Weekly Outlook" Posts
Nasdaq 100 Mar 24 to Mar 28 Outlook
By News Robot
Lawrence’s Comment Recap Situation in Crimea produced the spike reversal I was looking for. It happened overnight from Sunday which is not showing on this chart. Short squeeze produced a measured move back up to equal distance from Y-0. Upside was then capped due to option expiration hedging. Closed the week below Y-0 and near […]
USDCAD Mar 24 to Mar 28 Outlook
By News Robot
Lawrence’s Comment Recap Easy play of the week. As expected, upside breakout with normal Y+3 target tagged. Stalled from there since. Closed the week above Y+2 and midpoint. Outlook Gold did not end well last week which put some pressure on this pair. The strength in USD is likely to persist this week hence support […]
GBPUSD Mar 24 to Mar 28 Outlook
By News Robot
Lawrence’s Comment Recap Y-0 acted as support, breakout to the downside. Y-2 tagged late in the week. Closed the week near Y-2 and week low. Outlook Weaknesses continue as expected but not as weak as I hope for. Should see Y-3 early this week to tag the downside objective. The more interesting question is whether […]
EURUSD Mar 24 to Mar 28 Outlook
By News Robot
Lawrence’s Comment Recap The other easy play last week. Euro could not push higher 1st half of the week. Once week low at the time was broken, euro dropped down to the pocket below Y-1 and then continue its selloff down to Y-2. Closed the week below Y-1 and midpoint. Outlook The bearish setup mentioned […]
Dow 30 Mar 24 to Mar 28 Outlook
By News Robot
Lawrence’s Comment Recap Rare case scenario opened above the top of the resistance zone mentioned last week. That triggered a strong squeeze to above Y-0. Tricky but not unexpected. Upside push to equal distance from Y-0 and stalled. Closed the week near Y-0 and midpoint. Outlook Inside week with midpoint near Y-0 is indecision. Completely […]
S&P 500 Mar 24 to Mar 28 Outlook
By News Robot
Lawrence’s Comment Recap ES followed Dow and pulled an op ex 2-way play on the players. Closed the week near Y-0 and midpoint. To learn more about op ex weeks, read my Survival Guide. Outlook Inside week with midpoint near Y-0, breakout mode triggered. The problem is that a breakout play out of a 40 […]
Nasdaq 100 Feb 24 to Feb 28 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation around previous week close. Pretty standard reaction to a huge run. Closed the week below Y+1 and midpoint. Outlook A huge void zone was created below where there was not enough time and volume spent down there. A larger version of consolidation in the making. NQ could be bounded within a […]
USDJPY Feb 24 to Feb 28 Outlook
By News Robot
Lawrence’s Comment Recap Weekly buying showed up at Y-1. Y+1 tagged but the buying was not strong enough to keep ninja above that. Closed the week below Y+1 and above midpoint. Outlook Outside week. Y-0 and midpoint near each other. Failed to close above Y+1 indicates there is not enough fuel to go either way. […]
AUDUSD Feb 24 to Feb 28 Outlook
By News Robot
Lawrence’s Comment Recap Y+1 rejected which gave us Y-0 and below. Gold not going up quickly contributed to the move. Closed the week below Y-0 and midpoint. Outlook A pullback from multiple weeks up leg is normal. The slow drift downward is sign of strength. A break of previous week resistance line will give us […]
USDJPY Mar 24 to Mar 28 Outlook
Lawrence’s Comment Recap 2nd inside week in a row. Magic buying above Y-1 sent ninja back up to Y-0. Stalled from there since. Closed the week below Y-0 and above midpoint. Outlook 2nd inside week implies breakout mode in play. Very interested in upside breakout of B+1 which points to B+2 an B+3 quickly. As […]