quantguy

quantguy

Bitcoin is edging up forming a bull wedge pattern with an upper bound of $21.7K. We are seeing lots of red triangles on the KRI to confirm resistance, but if we can break through the next target is $22.4K. The Kovach OBV is pretty flaccid if not slightly bearish, so there is a slight bear divergence. We should have support at $20.7K, but if not there is a...

quantguy

As predicted yesterday, the S&P 500 found support at a critical level of 4122. We then saw a nice pivot back up to 4178, where we are currently seeing resistance confirmed by red triangles on the KRI. If we can break through, then 4188 and 4214 are the next targets. If we reject current levels, then we are sure to find support again at 4122. Watch the vacuum...

quantguy

Litecoin appeared to making an attempt to regain the $60's, but has fallen short around $58, just above our level at $55.84. We are seeing strong resistance confirmed by red triangles on the KRI, but if we can break through then $61.75 should be the next target. If $55.84 does not hold, then we should see support from the low $50's at $51.92 and $50.64 in particular.

quantguy

Ethereum has found support, bouncing off our level at $1547. We saw mounting support from green triangles on the KRI, but the $1600's are proving tough to break through. Our level at $1653 seems to be a barrier for now. Recall that this is the beginning of a cluster of levels which extend through the mid $1700's. We will need some strong buying momentum to...

quantguy

Bitcoin has stabilized in the low $20K's, seemingly unfazed by dollar strength and a bearish stock market. We have been testing $20.7K, but green triangles on the KRI are confirming support. We are seeing little buying interest and cannot even muster the strength to test the next level at $22.4K. In particular, $21.6K seems to be a barrier for now. If we break...

quantguy

Oil has rebounded into the $90's after establishing a solid value area in the high $80's. It seemed like prices were finally coming down, when we saw a nice spike back to the $90's, reestablishing value above $92.03. We are currently testing $95.24, but a red triangle on the KRI may indicate that we are running into resistance. If we can break through then the...

quantguy

The S&P 500 has faced a relentless selloff, with Fed expectations, troubles in Europe, and high inflation continuing to impact the economy. We have broken through all support levels in the 4100's, except for 4122, the last level before the vacuum zone below. After that, there is a vacuum zone to 4068, then 4009. The Kovach OBV does seem to have picked up a bit...

quantguy

Litecoin found support in the low $50's and subsequently pivoted, making a concerted attempt at higher levels. Currently, we are contending with $55.84, seeing strong resistance from multiple red triangles on the KRI. If we can break past this, then the next target is $61.75, if we can cross the vacuum zone above. If not, then we should see further support in...

quantguy

Ethereum has held its ground, finding support at $1547, as anticipated. Support is confirmed by multiple green triangles on the KRI. The Kovach OBV is still quite bearish, but does appear to be attempting to level off as the bleeding eases. A strong US dollar and hawkish Fed outlook should continue to weigh on crypto, but if the $1500's can hold, then $1653 is...

quantguy

Bitcoin has found support at $20.7K, confirmed by multiple green triangles on the KRI, despite an increase in the strength of the US dollar. The Kovach OBV is still bearish however, and if support caves, we will return to the value area between $18.6K and $20.7K. If we are able to pivot then the next target is $23.9K. But we are seeing strong resistance in...

quantguy

Stocks have continued to tumble, testing lower levels in the 4100's. We have plummeted past 4188, and are testing 4122 at the time of this writing, which is the last level in the 4100's. If this does not hold, there is a vacuum zone below to 4068, then 4009. Support seems to be holding for now, confirmed by green triangles on the KRI. The Kovach OBV seems to...

quantguy

Litecoin has fallen, giving up the $60's, but finding support in the $50's. We are currently finding support at the base of the $50 handle, with two strong levels at $51.92 and $50.64. These are likely to hold as a floor price for now, but if we break down further, then $45.48 is the next target. If we can pivot, then $55.84 is the next target above, which we...

quantguy

Ethereum has tumbled with the rest of the crypto market. We have blasted through a cluster of strong support levels in the $1700's and $1600's. The last of these levels at $1653 did little to provide support. We are currently testing the next level below that at $1547. We are currently seeing support there confirmed by green triangles on the KRI. If we fall...

quantguy

Strength in the US dollar and more hawkish Fed outlook has impacted the crypto market. Bitcoin has plummeted from relative highs around $25K back to support at $20.7K. We are currently seeing strong support at this level confirmed by green triangles on the KRI. But we are unable to muster the strength for a pivot at this time. If we do, then $23.9K is the next...

quantguy

The US dollar has soared against major currencies. Strikes in the UK have exacerbated existing supply chain issues impacting GBP/USD, and fears about the European energy crisis has sent the Euro plummeting back below parity. Additionally, increased expectations for a more hawkish Fed have contributed to higher yields, also boosting the dollar strength. We have...

quantguy

Stocks have opened in the Asian session in the red, as the European energy crisis and hawkish Fed expectations weigh on the markets. Additionally, we have several stocks cutting dividends and also several downgrades. We are currently just below 4188, where we anticipated support. We are just above 4178, the next level down, at the time of this writing. If...

quantguy

Gold has plummeted, smashing through significant levels of support. We have broken through the 50% Fibonacci level at 1750, and are testing lower levels in the 1700's. Currently, we are in the 1740's and should see support from 1742 or 1747. The Kovach OBV has steadily declined, confirming the bear trend. If things continue in this manner then we should have...

quantguy Updated 

Bonds have fallen further, breaking down past 119'01 into the vacuum zone below. We are still hovering above 118'04, the next level of support, but the Kovach OBV is looking pretty bearish. We are starting to see some green triangles on the KRI around 118'20, but we should have strong support at 118'04 if current levels do not hold. If we can pivot, then 119'01...