"Weekly Outlook" Posts
GBPUSD Jan 20 to Jan 24 Outlook
By News Robot
Lawrence’s Comment Recap Started the week rejecting Y+1 and dropped quickly. Y-0 then acted as resistance giving us a drop to below Y-1. Yet originaly down side target still not reached and ended with a late week bounce. Closed the week below Y-0 and near midpoint. Outlook Rejected Y-1 decisively. Down trend invalidated. Another pair […]
EURUSD Jan 20 to Jan 24 Outlook
By News Robot
Lawrence’s Comment Recap Euro found resistance exactly at where I expected. Easiest play last week. Sold off since Y+1 was rejected and continue to weaken. Closed the week below Y-1 and near week low. Outlook They keep trying to avoid it but the selling still happened. A drop to Y-2 is likely. The big question […]
Dow 30 Jan 20 to Jan 24 Outlook
By News Robot
Lawrence’s Comment Recap Dropped to down channel target of below Y-2. Channel overshoot gave us a run back up to channel top above Y-1 and started a short squeeze. Yet, Dow failed to push higher and dropped quickly back down to Y-1. Closed the week below Y-0 and above mipoint. Outlook Messy swings imply instability. […]
Nasdaq 100 Jan 20 to Jan 24 Outlook
By News Robot
Lawrence’s Comment Recap A sell off out of nowhere thanks to jawboning by Fed officials. Y-1 breached but NQ recovered with a revenge rally back to challenge Y+1. That opened the door to Y+2 for us. Y+2 tagged and going sideway since. Closed the week above Y+1 and midpoint. Outlook Extremely strong reaction to soundbites […]
S&P 500 Jan 20 to Jan 24 Outlook
By News Robot
Lawrence’s Comment Recap Sold off on comments from Fed and then recovered back to crime scene. Gap up and took out Y+1. When stop run actions ended ES dropped back down to below Y+1 and opened the door to week mid. Dropped back down to almost week mid on Friday. Closed the week above Y-0 […]
USDCAD Jan 20 to Jan 24 Outlook
Lawrence’s Comment Recap Consolidated around previous week close for 2 days and then took off. After new high above Y+1 pullback to previous week close. Closed the week above Y+1 and midpoint. Outlook 1.08 to 1.10 was the long standing rate between USD and Loonie. As long as B+1 acting as resistance, it is likely […]