quantguy

quantguy

Bitcoin has retraced from $22.4K, as anticipated. We did not see much reason for the rally, and felt that $23.9K was a bit top heavy, especially after such a hard sell off from June. We have returned to the value area between $18.6K and $22.4K. We appear to be getting good support around $22K, but the next support level is $20.7K if this does not hold. If that...

quantguy

The DXY is ranging in a sideways correction, as we predicted. We are holding the range between 106.13 and 107.20. It is reasonable for the DXY to enter such a corrective pattern after the meteoric rally that took USD to decades highs against other currencies. If we retrace further, watch for support at 105.78. If we break out again, the next target is 108.50.

quantguy

The S&P 500 broke out, testing and rejecting 4000 as we anticipated Friday. We identified 4009 as a likely target, and the S&P 500 hit this perfectly, before retracing a bit. We are seeing the price action round off and potentially a small head and shoulders pattern forming, so watch for a retracement, which could present a buying opportunity. We should have...

quantguy

As we predicted yesterday, the DXY continues to consolidate in a sideways correction between the relatively narrow range between 106.13 and 107.20. This follows a retracement from highs around 109. It is reasonable to expect the dollar to correct a bit after such a strong rally. If we break out, we could test 108.50 again. If we break down, we could test our...

quantguy

Oil has edged back down to support after topping out at $100, a strong psychological and technical level. As predicted here, we are finding support at our technical level of $95.24, confirmed by a green triangle on the KRI. Support is looking weak, and we could break down further. The next level below and target for support is $92.03. After that we could test...

quantguy

Litecoin has pivoted off $55.84 and made a run for the high $50's, falling just short of $60, currently hovering at $58.90 at the time of this writing. We are in a wide vacuum zone, and $61.75 is the next target, if momentum can pick up. If not, we are sure to test $55.84 again. If that level caves, then we should have support at the base of the $50 handle, at...

quantguy

Ethereum rejected our level at $1653, breaking through the next level below at $1547. It found support at the base of the $1500 handle, just above our next level at $1424. Currently, we are making another run for $1653, but many red triangles on the KRI are signalling strong resistance here. The Kovach OBV has picked up but does not seem sufficient to break the...

quantguy

Bitcoin has retraced from our level at $23.9K, which was a strong resistance level that we identified yesterday. Recall that we also said that it would be unlikely for BTC to break through this level and that we would likely find support at $22.4K. This is exactly what happened and BTC is currently maintaining a narrow range between these two levels. The level...

quantguy

Stocks keep edging higher, but the rally is increasingly more labored, as we struggle through resistance levels. The price action is 'rounding off' which suggests that a retracement may be near. If so, 3937 or 3909 are reasonable targets. However, we are bordering on a vacuum zone to higher levels, the next target being 4068, which would coincide with lows of...

quantguy

Litecoin made a concerted attempt to established the $60's. We topped out at our level at $61.75 exactly, confirming the veracity of our levels in these reports. We promptly rejected this level and fell back to support at $55.84. If we cannot sustain this, then we have some strong support levels in the low $50's. Otherwise, expect Litecoin to establish value...

quantguy

Ethereum gave up the $1600's as we anticipated yesterday. It was making a valiant attempt, but multiple levels of resistance and a lack of momentum resulted in a rejection back to current levels, where we are finding support at $1500, a psychological level. It is likely that we will find a value area soon between $1424 and $1653. The Kovach OBV has slumped, but...

quantguy

As predicted, Bitcoin was not able to sustain highs and rejected $23.9K, falling back to support at $22.4K. We are seeing a great deal of support, confirmed by multiple green triangles on the KRI. It seems likely that BTC will range between $22.4K and $23.9K until some definitive momentum comes through. Note that if we break through $22.4K, we are likely to...

quantguy

Stocks are consolidating at highs. Volatility has constricted immensely and we have been holding this narrow range for the past two days. This suggests that a breakout is imminent. The Kovach OBV has slumped and we are at highs, where we will encounter resistance. Unless sufficient momentum can come through we should break down to 3909 or 3825. If we are able...

quantguy

Litecoin is consolidating just below $60. We appear to be seeing a bull wedge forming, and another breakout could take us to $61.75 or $64.37. We appear to be seeing good support from $55.84, but if we break through that, then we should see further support from the base of the $50 handle at $50.64 and $51.92.

quantguy

Ethereum appears to have solidified the $1500's, making a run for $1600, where we are seeing resistance. Multiple red triangles on the KRI are confirming the resistance here. The Kovach OBV has slumped, so be prepared for a retracement, which could take us back to $1424 or $1341. If we correct further than that, we will find support around $1235. If we can...

quantguy

Bitcoin finally broke out of the range, but is encountering a lot of resistance at the next target above, which we identified yesterday at $23.9K. Multiple red triangles on the KRI are confirming the resistance, but the Kovach OBV is strong. If momentum can sustain, then $25.1K is the next target, then there is a vacuum zone to $27.9K. If we retrace, we should...

quantguy

Oil has edged upward, but is meeting lots of resistance in the high $90's, just below the target of $100. We edged past $100 briefly, only to retrace back to comfort at the base of the $99 handle at the time of this writing. The Kovach OBV is trending up, but appears weak, suggesting we will need more momentum to break through $100 definitively. Many red...

quantguy

The S&P 500 has broken out, testing the very top of the range it has established this month. As predicted yeseterday, we hit our target of 3909. Momentum continued and we were able to hit 3963, before a brief retracement took us back to support in the low 3900's. The Kovach OBV is still flat, suggesting we will need more momentum to continue the rally. Watch...