"Weekly Outlook" Posts
S&P 500 Mar 30 to Apr 03 Outlook
By News Robot
Lawrence’s Comment Recap ES dropped back to Y-0 as expected. The breakdown scenario also unfolded right after. ES found support after testing the swing low on daily. Closed the week near Y-1 and below midpoint. Outlook Wide range selloff week right after a week of extreme gain likely scare off / cleaned out many traders […]
EURUSD Mar 30 to Apr 03 Outlook
By News Robot
Lawrence’s Comment Recap As expected, trapped long from before making Euro not able to clear Y+1 and was forced back down to Y-0 for a retest. Consolidation action at 50% previous week range. Closed above Y-0 and near midpoint. Outlook Consolidation with weak close implies more test of support is likely. Euro has to hold […]
AUDUSD Mar 30 to Apr 03 Outlook
By News Robot
Lawrence’s Comment Recap Bad data affected this chart. Aussie pushed higher above Y+1 but failed to hold up at the end and dropped all the way back to Y+1. Closed the week below Y+1 and near week low. Outlook The messy situation at Yemen has affected gold and in turn Aussie. Will be difficult to […]
GBPUSD Mar 30 to Apr 03 Outlook
By News Robot
Lawrence’s Comment Recap Consolidation as expected in tight range. Cable simply sit at equal distance from Y-0 waiting for something to move it. Closed the week near Y-0 and midpoint. Outlook Inside week tight range gives us breakout play. B+3 / B-3 breakout targets.
Nasdaq 100 Mar 30 to Apr 03 Outlook
By News Robot
Lawrence’s Comment Recap Bearish expectation played out nicely. NQ simply failed to clear previous week close and dropped from there back down to Y-0. Once Y-0 is cleared, it turned into all out sell off down to below Y-1. NQ finally found support near last daily swing low and bounced. Closed the week near Y-0 […]
Dow 30 Mar 02 to Mar 06 Outlook
By News Robot
Lawrence’s Comment Recap Upside target that was not tagged the week before was finally done this week. Dow consolidated since and moving in tight range into month end. Closed the week near Y+1 and midpoint. Outlook NFP week again, classic NFP playbook will take over with Europe crisis to spice up the volatility. We may […]
Nasdaq 100 Mar 02 to Mar 06 Outlook
By News Robot
Lawrence’s Comment Recap NQ pushed higher but mainly in consolidation mode. Closed the week near Y+1 and midpoint. Outlook NQ consolidation at the top of the rally points to more upside potential. External forces may drop NQ suddenly and hard down to B-1 or even Y-0 but that will not affect the up trend much […]
USDJPY Mar 02 to Mar 06 Outlook
By News Robot
Lawrence’s Comment Recap Tight range choppy mess as expected and the projected move to near 120 happened twice. Closed the week above Y+1 and midpoint. Outlook The BOJ intention is clear, they do not really cap ninja on the upside as they think ninja will be unsustainable beyond 124 so all they have been doing […]
GBPUSD Mar 02 to Mar 06 Outlook
By News Robot
Lawrence’s Comment Recap Pushing higher as expected and get near Y+2 before stalling. Closed the week above Y-0 and near midpoint. Outlook Signs of exhaustion in the up trend points to potential consolidation or a steep pullback in the making. Latter case requires Y+1 acting as resistance to send cable back down to Y-1 and […]
USDCAD Mar 30 to Apr 03 Outlook
Lawrence’s Comment Recap Consolidation with 50% previous week range as expected. Pushed lower to retest Y-1 and failed to stay below. Bounced back up to take on Y-0. Closed the week below Y-1 and near week high. Outlook B-0 support will enable the weekly up trend to resume. Until then, more consolidation action to absorb […]