quantguy

quantguy

The S&P 500 has been slammed by recession fears, a hawkish Fed, pervasive risk-off themes in the news, and a potentially disastrous hurricane barreling toward the gulf of Mexico (oil refinery hub) and Florida. We have completely given up the 3700's, and are deep into the 3600's with 3645 providing support at the moment. The Kovach OBV is hugging lows and appears...

quantguy

Ethereum tested $1235 and as anticipated, it held. We saw a meager pivot and have tested $1341 which appears to be holding. Currently, it looks like we are seeing a rejection here with a red triangle on the KRI. We are confident $1235 will hold again for now and we are likely to see some ranging. We don't expect Ethereum to break $1424 even if we do continue to rally.

quantguy

Bitcoin has returned to lows after a brief attempt at $19.5K. We returned to support at $18.6K, which we anticipated would hold. If it doesn't then $17.6K will be the next level. If we do catch a rally then $19.5K is the next target. We do expect some ranging here. If we are able to break $19.5K then $20K will surely provide resistance.

quantguy

The DXY smashed through our target at 111.37 and established the 112's. We are currently well into the 112's at 112.20 at the time of this writing. As the Fed gets increasingly more hawkish, yields are rising accordingly. We are seeing virtually all assets sell off precipitously aside from the USD which is continuing to rally. We are pressing decades highs...

quantguy

The S&P 500 has taken another dive, digging deeper into the 3700's. We should have further support at 3694, with resistance at 3758. We should be seeing a further selloff as the market prices in a more hawkish fed. Yields are rising precipitously and risk on assets are selling off in response.

quantguy

Litecoin rejected its attempt to regain the mid $50's with a strong selling spike back to support at $51.92 and $50.64. We don't expect too much momentum today, as the markets are likely to feel out the results of the FOMC yesterday. But if we gain momentum $55.84 is the next target and $50.64 should hold as a lower bound.

quantguy

Ethereum dipped with the other risk-on assets and the rest of the crypto markets. We broke through support in the $1300's at $1341, and hit our support level at $1235. Full disclosure: we are cautiously long here, with limit orders filled in the low $1300's. We expect Ethereum to range a bit here, and perhaps make a tepid attempt to regain the $1300's with a...

quantguy

Bitcoin saw some volatility from the FOMC yesterday. We did not get the 'dovish hike' that the markets expected and risk-on assets responded accordingly. We did see support from $18.6K (as anticipated and voiced here in these reports). We are currently seeing a meager pivot off of this level, but there is very little momentum associated with it, so we don't...

quantguy

The DXY got a strong burst of momentum from yesterday's FOMC. Although we got our 75 bps hike (as expected), the press conference that followed was a lot more somber. Powell forecasted more hikes, despite the markets expectations of a more dovish forward guidance. This fueled an interest rate spike in treasuries, and bolstered the DXY's meteoric rally to break...

quantguy

Stocks got slammed yesterday, breaking through lows in the 3800's. We anticipated support at the base of the 3800 handle, but the S&P 500 broke down even lower, currently feeling out the highs of the 3700 handle. At this time, 3758 has provided support and we appear to be attempting a push back to the 3800's. The FOMC meeting came out more hawkish than...

quantguy

Bonds have slid further and there is no relief rally insight. The markets were hoping for a 'dovish hike' in the sense that the 75 bps hike would be followed by dovish rhetoric. In fact it was the opposite. Yields have maintained highs pressing prices further down. We are hugging 113'12 and expect support there. If not, we will use Fibonacci extension levels...

quantguy

Litecoin found support at the base of the $50 handle. We made a run for the vacuum zone between the low $50's and $55.84, but momentum quickly dissipated and since then we are hovering around support in the low $50's. We do appear to have strong support at current levels, with $50.64 holding as a floor. Watch for Litecoin to range at current levels at least...

quantguy

Ethereum appeared to be making a run for higher levels, but momentum quickly fizzled and we immediately sought support again at $1341. We appear to be forming a bear flag around this level. If we dump again, we have support below at $1235. If we are somehow able to muster the strength for a rally, then $1424 is the next target above. It is likely that we will...

quantguy

Bitcoin caught a bit of a pivot from $18.6K, which has provided strong support before. It held strong again as Bitcoin tested it with another dump from $19.5K. Strong support was confirmed with green triangles on the KRI. We made another run for $19.5K, but this was immediately rejected, as we mentioned in yesterday mornings report. It is unlikely BTC will...

quantguy

The DXY made a run for highs yesterday as we had one more rally in yields just before the FOMC. We are currently flirting with highs, with a wick peaking past 110.75 to 110.86 or so. We will need to solidly break this if we are able to hit our next target at 111.37. We don't expect too much action until the Fed rate hike today at 2 PM EST. We are expected to...

quantguy

The small rally we saw in stocks yesterday was quickly batted down. We managed to make a run for 3909, which was our target and lower bound of some congestion from earlier this month. However, we promptly rejected that level, as anticipated, and immediately sought support again at lows just above 3825. The markets, usually quiet before an FOMC, reacted out of...

quantguy

Litecoin found support at the base of the $50 handle as anticipated. We saw good support from $50.64, and a subsequent rally just above the next neighboring level at $51.92. We are seeing some resistance at the moment confirmed by red triangles on the KRI, and momentum seems to have slumped for now. We expect current levels to hold at least until the FOMC tomorrow.

quantguy

Ethereum found support after breaking through our level at $1341, briefly. We anticipated further support at $1235, but found it just above that level. Subsequently, we rallied back but fell short of the next level at $1424. The Kovach OBV has inched up a bit, but nothing to indicate we are seeing some serious mometum come through, which is not likely, at least...