quantguy

quantguy

The US dollar has remained incredibly strong, surging to 24 year highs against the Yen . The DXY has smashed through our target of 107.20, and has not retraced, holding the 107's with confidence. We are at decade level highs against major world currencies, effectively at parity with Euro , with EURUSD around 1.01 at the time of this writing. The top-heaviness...

quantguy

Stocks appear to be running into resistance at 3909, after a slow trek upwards from the 3700's. The rally was labored, with resistance confirmed at every technical level along the way by red triangles on the KRI. We are seeing a bit of a retracement, to 3867, with support confirmed by a green triangle on the KRI. The Kovach OBV has been bullish, but does appear...

quantguy

Litecoin saw a nice pivot from the high $40's, meeting resistance around $54 or so before retracing to support at our level at $51.92. A green triangle on the KRI is confirming support, but we are looking a bit weak at the time of this writing. The Kovach OBV is still pretty flat, and if momentum stalls, we should see support at the base of the $50 handle, but...

quantguy

Ethereum has gotten a nice pump. It has blasted through our upper level at $1235, only to meet stiff resistance just above that and retrace back to comfort just below that level. If we retrace further, we are likely to test the lower bound of the range at $1017. If momentum picks up again, the next target is $1341. The Kovach OBV is on a nice bull trend, but...

quantguy

Bitcoin saw a nice burst of momentum, and has blasted through resistance at $20.7K, testing the next level at $22.4K. We are currently seeing a red triangle on the KRI confirming resistance there, and have retraced a bit. It is unlikely BTC can muster the strength to press higher but if it does, the next target is $23.9K. If we retrace from here, $20.7K should...

quantguy

The DXY is ripping, and has blasted through our profit target at 107.20. We have since retraced, but are finding good support around this level. If momentum can continue, we should have no problems hitting our next profit target at 108.50. If we do retrace, watch the vacuum zone down to 106.13.

quantguy

The S&P 500 is trekking up gradually, testing higher levels. we have solidified the 3800 handle, and if momentum continues, we could easily break through to the 3900's today. However, the bull rally does seem labored, with multiple red triangles on the KRI confirming resistance. We should see strong resistance at 3928 or 3937. A rejection could take us back to...

quantguy

Litecoin is wavering in the $50's, at $50 exactly at the time of this writing. Volatility has drastically consolidated, however the Kovach OBV has flatlined, suggesting that we need more momentum to come through before anything exciting happens. If we breakout, then $55.84 is the next target. Otherwise, we can expect support at $45.48.

quantguy

Ethereum is testing higher levels, tending toward $1200 at the time of this writing. We are just below a strong resistance level at $1235, and will have difficulties breaking through this level of resistance unless more momentum comes through. We are seeing red triangles on the KRI to confirm resistance. If we do reject current levels, $1017 is likely lower...

quantguy

Bitcoin is tending toward the upper bound of the range at $20.4K or so at the time of this writing. We are just below a strong level of resistance at $20.7K. If recent history serves as a good indicator, we should see strong resistance here, and are likely to reject this level, and test the lower bound of the range again at $20K or $19K. If we can muster a...

quantguy

Stocks are still broadly ranging, however the S&P is tending toward the upper bound of the range at 3867. We appear to be forming a bull wedge pattern, and the Kovach OBV is very bullish which could indicate a bull divergence. This could suggest that a breakout is imminent for stocks. If so 3937 is a good target. If we reject current levels, then the base of...

quantguy

Gold has fallen further, finding support exactly at our target that we identified yesterday at 1735. We are starting to see what could be the beginnings of a pivot, with a green triangle on the KRI suggesting we are finding support at this level. The Kovach OBV is very bearish, but has flatlined a bit which may indicate that the bleeding has stopped for now. If...

quantguy

Litecoin has been trending downwards, breaking below our support levels in the $50's. We trekked briefly into the high $40's, finding support confirmed by a green triangle on the KRI. The Kovach OBV has flatlined suggesting we need more momentum to come through before we can anticipate any action. If so, the mid $50's seem like a good target. If we retrace...

quantguy

Ethereum has been meandering between the $1000's and the $1100's since the end of June. We saw quite a bit of resistance confirmed by red triangles on the KRI at $1100, but were able to break through. However, we fell short just below $1235, ranging about midway between this level and $1100. The lack of buying interest is concerning, but the consolidation of...

quantguy

Bitcoin has been wavering in the high $19K's and low $20K's since the end of June. We just have not seen much buying interest in crypto. Strength in the dollar and weakness in stocks seems to suggest we won't be seeing any massive pumps any time soon. If we do, $20.7K and $22.4K are the next targets. If we retrace, we should see support at $18.6K, then $17.6K....

quantguy

Stocks are wavering holding the range from the previous week. We are maintaining the value area between 3758 and 3848. The Kovach OBV is drifting upward, suggesting there is a bull divergence which may suggest a breakout is near. If so, 3937 is the next target. If we break down, we should expect support at the lower bound of the range at 3758, but if that does...

quantguy

Gold has plummeted, smashing through levels in the 1800's and upper 1700's. We finally found support around 1759, confirmed by a green triangle on the KRI. The Kovach OBV has fallen off significantly, but does appear to be rounding off. If we do not find support here in the mid 1700's, we may find it in the 1740's or perhaps even at 1735. If we pivot from...

quantguy

Litecoin has made a brief attempt to solidify higher levels in the $50's, but $55.84 proved insurmountable and LTC swiftly rejected this level, heading back to comfort in the low $50's. We have added $50.64 as a technical level as it is a relative high from the June 16th, and is currently the price at which we are seeing support. The Kovach OBV has dropped off...