quantguy

quantguy

Litecoin is tending to the high $50 handle, peaking just below $60, but finding support at $55.84. We are feeling out the midpoint between this level and $61.75, which remains a barrier and must be broken before we can consider testing higher levels in the $60's. The Kovach OBV is surprisingly quiet dispite the rally, so we anticipate a retracement soon, to...

quantguy

After breaking the upper bound of the range ETH has held for over a month, we have been on a steady rally. Once $1235 was broken, we were quickly able to solidify the $1400's then the $1500's, and even top out in the $1600's over night. Our level at $1653 seems to be a barrier for now, with a red triangle on the KRI to confirm resistance. The Kovach OBV has...

quantguy

Bitcoin is trending upwards, but is having issues breaking out of the range. We are seeing a lot of resistance from the upper bound at $22.4K, confirmed by multiple red triangles on the KRI. The Kovach OBV is fairly bullish, but it remains to be seen if there is enough momentum to break out. If so, $23.9K and $25.1K are the next targets. If we retrace, watch...

quantguy

The US dollar has retraced further falling almost three handles from the 109's to the 106's. This technical retracement was due after the dollar's meteoric rally. We blasted through several handles, and came just shy of our final target at 109.86. We anticipate strong support at 106.13. If not, there is another level in proximity at 105.78. It is likely that...

quantguy

As anticipated yesterday, the S&P 500 has rejected highs and sought support 3810, just under the mid point of the range the S&P 500 has been holding for July. This retracement was highly probable because we did not see the momentum follow through at open that it would take to break out higher. From here, we could test lows again, around 3737, which should hold...

quantguy

Litecoin has broken out past highs at $55.84, a level that was providing strong resistance for the past month. We have broken out into the high $50's, with $61.75 the next target. If the rally in stocks can continue, and the dollar remains softer, we could easily hit this target today or tomorrow. A retracement could take us back to support at the base of the...

quantguy

Ethereum has rallied significantly, breaking out of the range. We smashed through $1235, the upper bound of the range we have been maintaining for over a month, and shot past the next two levels above, at $1341 and $1424. We are in the middle of a vacuum zone to the next level after that at $1547. That would mark over a 50% rally from the base of the $1K handle...

quantguy

Bitcoin saw a nice pump from a softer dollar and strength in stocks. We were able to break out of the $20K handle, and is currently testing the next level above at $22.4K. This is the very top of the range, and a well established level of resistance. A red triangle on the KRI provides confirmation that we are running into resistance here. If we can break...

quantguy

Oil appears to have bottomed out at our exact level of $92.03, with a wick extending to $90.06 as we predicted last Friday. We were then able to pivot back up to the mid $90's, meeting swift resistance at $96.88. We have several red triangles on the KRI signifying resistance around this price area, just before $100. Sub $100 prices will surely be welcome to...

quantguy

Stocks have rallied, with the S&P topping out at 3909. We have completely retraced the range, as recession fears and soaring inflation scared market participants last week causing a dip that tested lows at 3737. After breaking through this level and testing the next level below at 3714, we promptly pivoted, and retraced losses completely. However, we are...

quantguy

Litecoin has bottomed out just above our level at $45.48. We have pivoted off lows and made a run back for the $50's. Currently, $50.64 and $51.92 are providing steep resistance as we anticipated. If we are able to break through then we will surely meet further resistance at $55.84. The Kovach OBV is still completely bearish, without even the slightest uptick...

quantguy

Ethereum has pivoted off lows, rocketing back to $1235, exactly as we anticipated. The Kovach OBV seems unphased by this attempt, suggesting that we do not have enough momentum to press higher. Many red triangles on the KRI signal strong resistance. If we are able to break through, then $1341 is the next target, otherwise we are likely to retest lows, first...

quantguy

Bitcoin has pivoted off lows as we predicted, but has run into resistance at the highs of the range at $20.7K. We have multiple red triangles on the KRI confirming resistance. The Kovach OBV has edged up, but does indicate any significant momentum that could break through to higher levels. If we are able to then $22.4K is the next target. It is much more...

quantguy

The US dollar has broken through highs and our profit target of 108.50, in a seemingly unstoppable rally. We have broken out to the 109's, finally retracing slightly around 109.25 or so. Recall that our next target is 109.86. We have fallen just short of that. It seems reasonable that we have a significant retracement at some point, to say 107.20, or 106.13,...

quantguy

Oil dipped down further into the $90's, with a wick touching $92.03, as we have noted in these reports as the next level of support. We do appear to be pivoting nicely back to $95.24, but are bounded by $96.88. The Kovach OBV appears bearish, but does seem to have bottomed out, suggesting potentially that oil has reached a floor. If so, we expect it to shoot...

quantguy

Stocks have found support off lows after the selloff yesterday. Nearly double digit CPI did not fare well for stocks, with some market participants pricing in a 100 bps rate hike at the FOMC later this month. We at pivoted at 3714 after breaking lows at 3739. Currently, it appears that we are making a run back to the midpoint of the range but are struggling...

quantguy

Gold has continued to edge down, and as we mentioned here all week, we have found support in the low $1700 handle, finally breaking through briefly to the $1600's. We tested $1692 with a wick, but a green triangle on the KRI promptly signalled support. Since then, we have equilibrated around $1700. The Kovach OBV has been bearish all week, and we have not even...

quantguy

Bonds are oscillating in the narrow range between 117'19 and 119'01. The Kovach OBV has leveled off, suggesting there is little momentum at the moment to move then needle either way. We appear to be in a sideways corrective phase, after topping out at 120'14, then retracing to 117'19. If we catch more momentum, we could test highs again at 120'14. If 117'19...