"Weekly Outlook" Posts
Nasdaq 100 Apr 28 to May 02 Outlook
By News Robot
Lawrence’s Comment Recap NQ upside breakout with ES and Dow. The only one out of the 3 indices reached its Y+2 upside target. NQ then failed to hold onto its gain and formed a head and shoulder later in the week. Clean break of neckline led to a drop back to week low. Closed the […]
GBPUSD Apr 28 to May 02 Outlook
By News Robot
Lawrence’s Comment Recap Retest of Y+1 as expected. Failed to clear it, gave us consolidation above Y-0. Closed the week above Y-0 and near midpoint. Outlook Inside week and extreme tight range. Breakout play above B+1 points to at least B+3. I understand that upside breakout is counter-intuitive with the current situation in Ukraine but […]
USDCAD Apr 28 to May 02 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation around previous week close. Wait and see situation due to the crisis in Ukraine has taken a turn for the worse. Gold strengthen last week played a role in keeping Loonie strong. Closed the week below Y+1 and near midpoint. Outlook Compression leads to breakout. B-3 and B+3 are now in […]
Dow 30 Apr 28 to May 02 Outlook
By News Robot
Lawrence’s Comment Recap Got the upside breakout. But failed to clear 16500 round number hurdle. Then bad news hit and all the stubborn longs were trapped. Flushed back down equal distance and found support near the open gap. Closed the week below Y+1 and midpoint. Outlook We have not have such big open gaps in […]
S&P 500 Apr 28 to May 02 Outlook
By News Robot
Lawrence’s Comment Recap Got upside breakout yet stopped in the middle of the move. 2nd try to push higher failed to clear the week high. Once Y+1 was breached, stops were raided and flushed back down until 50% previous week range was reached. Closed the week below Y+1 and midpoint. Outlook FBO against inside week […]
EURUSD Apr 28 to May 02 Outlook
Lawrence’s Comment Recap Euro held its support and drifted higher since. Another tight range week. Closed the week above Y-0 and midpoint. Outlook 2nd tight range week in a row gives us breakout mode. There is no direction until euro clears Y+1 or B-1 decisively. Wait and see.