"Weekly Outlook" Posts
EURUSD Feb 29 to Mar 04 Outlook
By News Robot
Lawrence’s Comment Recap Not able to clear even previous week close, we got a selloff straight down to my target Y-3 area. Closed the week below Y-2 and near week low. Outlook The selloff will accelerate quickly should B-2 fails to act as support. To produce a short term bottom, we need to see proper […]
S&P 500 Feb 29 to Mar 04 Outlook
By News Robot
Lawrence’s Comment Recap A steep selloff to start the week as expected. Rallied since after the open gap below was filled. Y+2 was tagged. Closed the week above Y+1 and midpoint. Outlook NFP week points to potential updrift all week until NFP Friday. This puts B+2 round number 2000 in play. Rally on no volume […]
USDJPY Feb 29 to Mar 04 Outlook
By News Robot
Lawrence’s Comment Recap Got the retest of the bottom at Y-2. It acted as support and gave us the rally as expected. Closed the week near Y-0 and week high. Outlook More upside is expected. The swing low on weekly is probably in place.
GBPUSD Feb 29 to Mar 04 Outlook
By News Robot
Lawrence’s Comment Recap Breakdown play to Y-2 and then Y-3 normal target materialized. 1.40 round number turned into resistance. Closed the week below Y-3 and near week low. Outlook For short term bottom, cable has to complete a FBO against B-1 to get a better chance at clearing B-0. Strong downside momentum means it is […]
Nasdaq 100 Feb 29 to Mar 04 Outlook
By News Robot
Lawrence’s Comment Recap FBO against B+1 gave us a drop back down to close the gap and then equal distance from previous week close. Huge squeeze gave us a new high for the week. Closed the week above Y+1 and midpoint. Outlook NQ did not tag Y+2 points to lack of stregnth. If NQ cannot […]
Dow 30 Feb 29 to Mar 04 Outlook
Lawrence’s Comment Recap As expected the squeeze driven rally did not last. Sharp pullback below Y-0 to close the open gap below happened first. Since then renew buying took Dow to Y+2 and stalled. Closed the week above Y+1 and midpoint. Outlook Dow tagged the resistance zone and stalled since does not really tell us […]