quantguy

quantguy

Bonds have lifted, breaking out of the narrow range held for the past three days. We broke the upper bound at 120'14, and hit our next target exactly at 121'00, as predicted. We are seeing red triangles on the KRI suggesting that we are facing resistance here. The Kovach OBV has picked up, suggesting genuine momentum may be back. If so, the next target is...

quantguy

Litecoin has pivoted from support in the low $50's and has shot back up to $60. It is currently hovering around $59, after pulling back slightly from $60. We are just below our next target of $61.75. The Kovach OBV is still bearish, but has picked up slightly with the rally. It is doubtful we will continue to rally at least for now, so watch for support at...

quantguy

Ethereum rallied back to highs after the FOMC rate hike announcement yesterday. We blasted through multiple significant levels including $1424, and $1547. We finally met resistance at $1653. Though we are hovering near this level at the time of this writing, we can expect a retracmenet to lower levels, like $1547. We can expect further resistance starting in...

quantguy

Bitcoin saw a nice pivot from support at $20.7K after the FOMC statement. The 75bps rate hike lifted uncertainty about the Fed's outlook and stocks and other risk on assets were clear for a rally. We broke above $22.4K, but are meeting resistance in the vacuum zone between this level and $23.9K. We don't expect anything staggering from Bitcoin in the near...

quantguy

Oil rallied slightly, but is still maintaining the $90 handle. We shot up from support at $95.24, but fell short just below the target of $100, hovering around $99 at the time of this writing. The Kovach OBV is drifting up, suggesting a bull bias that could result in a breakout soon. If so, $100 and $101 are the targets. Watch for resistance here, and a...

quantguy

The S&P 500 has broken out to the upper bound of the range, at 4009. After the uncertainty from the Fed was lifted, and we received our 75bps rate hike, stocks were clear to rally. However, as we anticipated, there was little action yesterday, and they are still respecting the range we identified. We made a brief attempt to rally into the vacuum zone above, but...

quantguy Updated 

The S&P 500 is ranging near relative highs. We broke out into the 4000's, but fell short of 4009. Several red triangles on the KRI are confirming strong resistance at these higher levels. We have some support from 3909, and a break down could take us back to the mid 3800's, likely 3848 or so. A rally could test 4009 again. We expect the S&P to respect this...

quantguy

Litecoin has gotten some support, as anticipated, from levels in the low $50 handle. In particular, $51.92 is holding strong, with $50.64 right below it. We are seeing a small pivot from here but if we fail to follow through, then we are likely to hover at these levels and potentially break through. There is a vacuum zone below to $45.48. We are just about...

quantguy

Ethereum has pulled back all the way to $1341. We found support here, confirmed by a green triangle on the KRI. Subsequently we bounced back to the $1400's, barely breaking our level at $1424. We don't expect too much more action, with strong resistance from $1547. Another dump could take us back to $1235, which is the upper bound of the range ETH had held for...

quantguy

Bitcoin has fallen from highs at $23.9K, crushing hopes that another bull market has returned, and confirming our assertion that this was a 'bull trap' all along. We are finding support at $20.7K, after hitting this level exactly. Support is confirmed by a green triangle on the KRI. We got a small pivot from there, but are running into resistance confirmed by...

quantguy

Gold is ranging after a slight retracement from just below the highs of the range at 1735. We are finding support from 1715, roughly in the middle of the value area. We have strong support confirmed by two green triangles on the KRI. The Kovach OBV is solidly bearish. A breakdown could take us to the base of the 1700 handle, or even back to lows at 1683. All...

quantguy

Support for Litecoin caved as predicted yesterday. We were hanging onto $55.84 by a thread and support finally broke. We then plummeted through the vacuum zone, which we also anticipated yesterday, to support in the low $50's. Currently we are just above our level at $51.92, with $50.64 right below to provide further support if needed. If those level cave,...

quantguy

As we anticipated, Ethereum has plummeted from highs, breaking through multiple levels. We gave up the $1500's entirely, and smashed through $1424. We are currently above $1341, where we are seeing support confirmed by two green triangles on the KRI. If we break $1341, then the next level is $1235, which is the upper bound of the long standing range that ETH...

quantguy

As anticipated, Bitcoin has fully retraced the entire breakout, to the upper bound of the range it has held since mid June. We are finding support at $20.8K, but after that we will reestablish that value area. We should have further support around $20.8K, then $18.6K, which is the lower bound. The level $17.6K should be considered a floor in case things get...

quantguy

The US dollar is holding the range between 106.13 and 107.20. We shot up to the upper bound where we are meeting resistance again, confirmed by a red triangle on the KRI. It is likely that we will continue to range before the FOMC. A 100bps rate hike is expected by some sources. This will likely cause a rally in the dollar and we may break out of the range. ...

quantguy

Stocks have retraced from relative highs at 4009. We have several red triangles on the KRI indicating some stiff resistance at 4009 and 3978. Volatility has consolidated quite a bit, which is understandable before the FOMC, today. Note that some sources are predicting a 100bps hike, but it should come in at least 75bps. This is largely priced in, but we should...

quantguy

Litecoin is holding strong in the mid $50's. We are finding good support from $55.84, confirmed by a green triangle on the KRI. If this level does not hold, then We could retrace back to support at the base of the $50 handle, at $51.92, and $50.64. If we are somehow able to muster the strength for a rally, then we could test highs again around $60, or our level...

quantguy

Ethereum has retraced from highs around $1600, but is holding a sideways corrective pattern. We have solidly established the $1500's with the lows of the range extending just above our level at $1424. At the time of this writing we are at the lows of the range. A rally could take us back to $1600 or so. We should have support from $1424 if we reject current levels.