"Weekly Outlook" Posts
Dow 30 Apr 20 to Apr 24 Outlook
By News Robot
Lawrence’s Comment Recap As explained last week that option expiration weeks operate with a different set of rules. Dow could not clear the upper boundary as expected and suddenly dropped back down to Y-0 and below to end the week as expected. Closed the week below Y-0 and midpoint. Outlook Dow has not broken the […]
USDCAD Apr 20 to Apr 24 Outlook
By News Robot
Lawrence’s Comment Recap Loonie finally breakout of the 3 week boundary. Y+1 was not even touched when the pullback started. Y-0 was cleared quickly opening the way to Y-1. Strong 4 hour 1-2-3 sell cleared Y-1 with breakout target Y-3 activated. Y-3 was tagged later in the week. Closed the week below Y-2 and midpoint. […]
Nasdaq 100 Apr 20 to Apr 24 Outlook
By News Robot
Lawrence’s Comment Recap NQ attempted to move higher from Y+1 but failed. That opened the door to Y-0. First leg down stopped at 50% week range and tried to drift back up like a normal consolidation week. Y+1 acted as resistance since and by op-ex Friday, the breakdown took NQ down to its below Y-0 […]
AUDUSD Apr 20 to Apr 24 Outlook
By News Robot
Lawrence’s Comment Recap Beautiful all week bear flag from the week before led to a gap down open near Y-1. Test of support below Y-1 produced a strong double bottom on 4 hours leading to a move from Y-1 to Y+1 quickly. Y+1 cleared and my Y+2 target was tagged later. Closed the week above […]
S&P 500 Apr 20 to Apr 24 Outlook
By News Robot
Lawrence’s Comment Recap Option expiration week played out perfectly to mess with everyone who forgets about it since last month. Initial attempt to blast higher from Y+1 failed leading to first flush to near Y-0 and prior resistance zone ES broke out from. Bounced off hard leading to 2nd attempt to hold Y+1 as support […]
USDJPY Apr 20 to Apr 24 Outlook
Lawrence’s Comment Recap Ninja rejected Y+1 decisively giving us Y-0 quickly. Since then previous week close also turned into resistance giving us a go for Y-1. Y-1 tagged later in the week. Closed the week near Y-1 and below midpoint. Outlook Outside week down close has not broken the base built around 118 yet. This […]