quantguy

quantguy

Stocks are tending toward the upper bound of the value area, forming what appears to be a bull wedge. We have been flirting with higher levels in the 4000's established from a value area formed back in June. We seem to have a hard upper bound at 4178, but the Kovach OBV is still strong, suggesting that we have a bull divergence. If we break out, then 4188 will...

quantguy

Litecoin rallied after testing the mid $50's. We found support at our level at $55.84, and made a run for $61.75, where we are currently meeting resistance, confirmed by a red triangle on the KRI. If we reject these levels, then we will likely test the mid $50's again. If we break out, our next target is $64.37.

quantguy

Ethereum pumped and broke into the cluster of levels we have been discussing all week. These levels have given ETH a lot of troubles lately, and we just can't seem to break past them to hit our next target of $1821. Yesterday, we saw a lot of resistance from $1653, the where the cluster starts. A few days ago, we rejected $1748, the last level in this zone of...

quantguy

Bitcoin is holding the range between $22.4K and $23.9K. We are slowly edging toward the lower bound of this range. The NFP employment numbers today may not help things for crypto because there is a strong likelihood that the Fed will raise rates further, by at least 50bps at their meeting in September. Also the strength in the dollar suggests that investors are...

quantguy

The US dollar has gained incredible strength off of the Non Farm Payroll numbers, which came at a headline beat with employment at 3.5%. This suggests that the markets feel that the Fed is now more emboldened to hike rates even further at their September meeting. The DXY is still holding the range established when it started its sideways corrective phase after...

quantguy

Oil has fallen deeper into the high $80's following a selloff that broke monthly lows. We had very strong support at $92.03, and appeared to be seeing a double bottom forming, but the selloff knocked oil back a peg, smashing through multiple technical levels below in a persistence selloff that has taken us back to support at $87.21. We are seeing a green...

quantguy

Non Farm Payrolls introduced some volatility in stocks. The numbers came in hot, with a headline beat and unemployment at 3.5% . The S&P 500 had already edged higher, reaching our target of 4178, and establishing value between 4144 and 4178. The NFP data release introduced some volatility, with a small selloff extending past 4122 into the vacuum zone down to...

quantguy

Gold edged higher, breaking out of the 0.618 Fibonacci level at about $1800. However, we encountered resistance at the next technical level above, at $1815. Immediately, we saw the price action round off and retrace back to safety in the $1790's. We anticipate gold to establish value between $1780 and $1800 (two significant Fibonacci levels), unless more...

quantguy

Bonds crept up but are facing resistance. After ZN tested highs at 121'28, and retraced, it started to establish value between 119'23 and 121'00. The latter has provided prohibitive resistance, as we have discussed this week, and we have seen a rejection, continuing the sideways correction. We saw a wick down to 119'23, where we found support, at first, but we...

quantguy

Litecoin has found support in the mid $50's, just above our level at $55.84. We have edged higher, in between the vacuum zone between $55.84 and $61.75. It appears that we are establishing value in this range, so watch for support at $55.84 and resistance at $61.75. If we are able to break out, then the next target is $64.37. If we break down from here, then...

quantguy

Ethereum found support at $1547, and pivoted up to higher levels. There is a dense cluster of levels starting at $1653, and extending to the mid $1700's. We are currently contending with the first of these levels, unable to break higher. We are seeing many red triangles on the KRI, confirming the resistance. The Kovach OBV has leveled off, suggesting that we...

quantguy

Bitcoin has slumped again after making another run for higher levels. We found support at $22.4K, and appeared to be make an attempt at a breakout to $23.9K. We quickly met resistance and found are running into support again at $22.4K again. If support does not hold there is a vacuum zone down to $20.7K, at the cusp of that range near lows we held for a while...

quantguy

The S&P 500 has broken higher, barely edging past 4144, our previous high. We are curently just below the next level at 4178. We are starting to run into resistance here from previous highs in mid June, confirmed by red triangles on the KRI. If we can break out further, we must get past 4188 before we can consider the next level at 4214. The breakout looks...

quantguy

Gold has made another run for highs after finding support just below the 50% Fibonacci level at 1770 or so. We are currently contending with 1795, the level just below the 0.618 Fibonacci level. We are seeing strong resistance forming at these levels confirmed by multiple red triangles on the KRI. From below, we have strong support at 1770, confirmed by green...

quantguy

Litecoin has retraced from the mid $60's, but has found good support just above our level at $55.84. We are seeing good support from this level, and are currently ranging between this and $59. We have not gotten the follow through to reestablish the $60's, but a burst of momentum could take us back to $61.75, where we are sure to meet resistance. If we retrace...

quantguy

Ethereum saw good support from $1547, and pivoted back to $1653. This is the first of a series of levels, extending into the mid $1700's. We may certainly expect resistance here, as we did in late July when we rejected $1748. We can expect further support at $1547, but if this does not hold, there is a vacuum zone down to $1424. If we are able to clear $1748,...

quantguy

Bitcoin has stabilized just above our level at $22.4K. We are seeing good support from this level, but the lack of follow through in terms of a pivot. From here, it is likely we will range between $22.4K and $23.9K. The Kovach OBV has slumped, so it is unlikely we will see enough momentum to break through $23.9K. However, if so, the next target is $25.1K. ...

quantguy

The US dollar has pivoted from the lows of the corrective impulse, right around our level at 105.25. We have blasted through the 105's and reestablished the 106 handle, hovering just above our level at 106.13 at the time of this writing. We should equilibrate between 105.25 and 106.13, but if we see a rally, there is a vacuum zone above to 107.20. If we reject...