quantguy

quantguy

Ethereum was trekking in the $1700's yesterday, after making an attempt for $1800, which failed earlier this week. After CPI data came in, it dumped back down to $1547, which was our target from yesterday. We are currently finding good support there, but if not, $1424 is the next level down. If we are able to pivot we will face immediate resistance from $1653,...

quantguy

Bitcoin was edging higher, hoping that a reasonable CPI print yesterday would give risk on assets the green light to rally. Unfortunately, CPI came in red hot, suggesting that the Fed will double down their tightening efforts in order to get it under control. Bitcoin rejected $22.4K, and smashed through $20.7K. Currently we are clinging to support at $20K with...

quantguy

The DXY rallied massively, one of the only assets to benefit off a strong CPI reading which suggests the Fed will double down on their efforts to curb inflation. We had broken down into the 107's, then blasted through two handles to the 109's again. We are currently in the midst of our levels between 109.26 and 109.86, after testing and rejecting 109.86. We...

quantguy

A hotter than expected CPI print tanked stocks yesterday, wiping out this week's rally and then some. The markets were hoping that CPI, which is the Fed's favorite inflation gauge, would show that inflation is plateauing and that their policies are working. Under these assumptions it would be reasonable to think that after September's rate hike, they would take...

quantguy Updated 

Stocks have edged higher, breaking through to our next target of 4122, exactly as we predicted yesterday. Stocks are up ahead of key US inflation data, expected to come in at 8.0% , which is still high, but hopefully at least plateauing. It looks like we are meeting some resistance as confirmed by red triangles accumulating on the KRI. The Kovach OBV is still...

quantguy Updated 

The US dollar has edged lower, breaking through 108.50. We are now in the (fairly wide) vacuum zone to 107.20. It does look like we are finding support just above 107.20. It is expected that CPI today at 8:30 AM EST will suggest that inflation is plateauing, therefore the Fed can ease their hawkish rhetoric. Easier monetary policy would hit the dollar hard, as...

quantguy Updated 

Bitcoin is edging higher, but is facing stiff resistance at $22.4K, the level we identified yesterday. We are seeing steep resistance here confirmed by red triangles on the KRI. The Kovach OBV is still bullish, but may not register enough momentum to suggest the divergence needed to break through. If we do, then $23.9K is the next target. If we reject current...

quantguy Updated 

Ethereum made a run for $1800, falling just short of this target, and careening through several levels of support below. We have broken into that cluster of levels in the mid $1700's that we have discussed many times, and appear to be finding support just above $1653, a familiar level tested by ETH from above and below many times as of late. This level should...

quantguy Updated 

Litecoin has edged down from $64.37, our target. We have found support just below $61.75, holding strong in the $60's for now. We are currently seeing a nice pivot back through $61.75, and may be forming value between $60 and $64.37. Watch for LTC to range in the price area.

quantguy

The DXY has fallen sharply. Hawkish rhetoric from the ECB has boosted the Euro, which resulted in the strongest rally in six months. Note that the Euro is weighted significantly higher than other currencies in calculating the DXY. We have smashed through several levels in the 109's and are finding support at the very base of the 108's. We appear to be hanging...

quantguy

Litecoin caught a strong burst of momentum, which broke through our level at $61.75. This was a strong upper bound for Litecoin for a while, and was providing significant resistance. We saw enough momentum to hit the next target of $64.37. We are seeing a slight retracement after hitting this level, with strong support at $61.75. If things turn south there is...

quantguy

Ethereum has broken past significant resistance levels in the $1700's and made a run for $1800. We fell just short of this target, topping out at $1790 or so, in the middle of the vacuum zone between $1748 and $1821. We are seeing quite a few red triangles on the KRI suggesting strong resistance. If we are able to break through $1821, then $1872 is the next...

quantguy

Bitcoin has risen sharply off a rally in stocks and a strong selloff in the US dollar. We have blasted through $20.7K and have almost completely crossed the vacuum zone to the next level at $22.4K. However, we are running into resistance confirmed by a series of red triangles on the KRI, and thus the price action is likely to round off some point soon. If we...

quantguy

Stocks have broken out, climbing significantly and reestablishing the 4K's. We have broken through 4009, and just broke out past the next level at 4068. We have already crossed one vacuum zone, and appear to be breaking out into another. If momentum continues today, then 4122 is the next target. The Kovach OBV has picked up sharply, suggesting there might be...

quantguy

Bonds have picked up slightly edging above 115'29. ZN had teetered about this level, breaking below it yesterday, but finding support. We did make a run for the next level at 116'20, but rejected this level, and found support again at 115'20. There is a stronger chance of a 75bps rate hike, which is pushing up yields. If we fall further, then 115'03 is the next target.

quantguy

Gold keeps testing 1735, the next level above 1729, our 0.236 Fibonacci level. We are edging above this level at the time of this writing. It does look like we are forming a bull consolidation pattern around 1735, potentially gearing up for a breakout. If so, the 0.382 Fibonacci level at 1758 is a reasonable target. If we retrace, we should hit support at the...

quantguy

The DXY has fallen sharply rejecting highs and slicing through the 109's. As predicted we are seeing support at 108.50. We were bound to see a technical retracement after such a strong rally. We will see if 108.50 holds. If so, then we are likely to range in a sideways correction for now. If not, we could press further to find support at 107.20. If we are...

quantguy

Oil bottomed out at 81.30, as expected. Oil prices are generally trending downward off recession fears and china coronavirus lock downs . We are seeing a small pivot off lower levels and an attempt to regain 85.55, which should provide strong resistance as it was a low tested several times earlier last week. We are starting to see strong resistance as we...