quantguy

quantguy

Ethereum found support at $1017, and saw a brief pump which quickly faded. We found immediate resistance around $1100, a psychological level, and promptly returned to the mid $1K's. The lack of buying interest even at the base of the $1K handle is concerning, as is the lack of follow through with the brief pump we just saw. If $1017 does not hold, then $940 and...

quantguy

Bitcoin had a nice pop to our level at $20.7K. As predicted, we saw resistance at that level, and it was swiftly struck down, back below $20K, which seems to be a barrier for Bitcoin right now. We are currently wavering in the $19K's, with little indication of another pump anytime soon. We have tested a lower level at $18.6K, and appear to be headed there once...

quantguy

The US dollar has gained considerable strength the past week. We have smashed through resistance in the 104's, to solidly regain the 105's. We are just shy of our target at 105.78. If we are able to break through 105.78, then 106.13 is our next target, set by Fibonacci extension levels. The next target is a bit further out at 107.20. If we retrace, we are...

quantguy

Oil rejected 113, and came crashing down through support at 106. It penetrated the vacuum zone between 101 and 106, but has since found support around 104, confirmed by green triangles on the KRI. We have subsequently seen a pivot back to 108, but appear to be finding resistance confirmed by a red triangle on the KRI. If momentum continues then the next target...

quantguy

Stocks have begun July with a whimper so far, maintaining a very narrow range after selling off from the 3900's. We have found support in the mid 3700's, but appear to be forming a bear flag pattern. Volatility has consolidated which may portend a breakout. If so, we could make a run for the 3900's again, with 3825 and 3937 likely targets to the upside. If we...

quantguy

Gold has begun the month of July with a massive selloff, giving up the 1800's entirely. We saw support at 1815, but that was quickly faded and we broke through to the value area between 1795 and 1815. However, 1795 did little to provide support and we have collapsed further to support in a cluster of levels between 1784 and 1795. It does look like we are...

quantguy

Bonds have soared, blasting through resistance at 118'04 and crossing the vacuum zone to 119'01. We anticipated resistance at 118'04, but momentum came through and we have broken through 119'01, meeting resistance just above this level confirmed by a red triangle on the KRI. The Kovach OBV has picked up, and should momentum continue, we should be able to hit...

quantguy

Litecoin has rejected highs around $60, and has steadily declined from there. Support in the $50's seems to be holding on by a thread, as the rest of the crypto market is looking pretty weak right now. We have just pierced our level at $51.92, with a vacuum zone down to $45.48, below. The Kovach OBV has flatlined suggesting that we need more momentum to come...

quantguy

Ethereum has fallen to the bottom of the range it has been holding for the latter half of June. After bottoming out in the 3 digits, we were able to recover $1K and range between $1017 and $1235. After testing $1235, it has been a steady decline since then, but $1017 appears to be holding. We are seeing support confirmed by a green triangle on the KRI. If this...

quantguy

Bitcoin has fallen further, giving up the $20K's. As we anticipated, we are seeing some support in the $19K's. We are currently clinging to $19.1K, but appear to have good support confirmed by green triangles on the KRI. If this support does not hold, we may make a run for lows around $17K. If we are able to pivot from here, we could reclaim $20K, with $20.7K...

quantguy

Stocks pressed lower as we anticipated yesterday. The S&P 500 was hanging on by a thread yesterday at 3825, and sure enough, support caved, and we were able to test lower levels. We crossed a vacuum zone to find support at 3758. We currently appear to be finding support there, confirmed by a green triangle on the KRI. If support does not hold here, we...

quantguy

Gold broke down into the value area between 1815 and 1795, but swiftly spiked back to 1826, where we are seeing resistance confirmed by a red triangle on the KRI. The Kovach OBV is still very bearish, but we are starting to look oversold as both Kovach momentum indicators are bearish. We will see if the spike back to 1826 can sustain, or if it is just a relief...

quantguy

Litecoin gained considerable strength, but topped out just below our level at $61.75. Recall that from the previous report, we anticipated this as a ceiling. Sure enough, we rejected this level and have fallen through $55.84 to find support at $51.92. We are seeing good support at this level, confirmed by green triangles on the KRI. However, the lack of buying...

quantguy

Ethereum topped out at our level at $1235, which was our target from the last report. Momentum quickly faded and we have since rejected that level. Currently, the price action is meandering in the value area between $1017 and $1235, however the price action is rounding off, and there is little buying interest. We should see support from $1017 should we fall...

quantguy

Bitcoin appears to have peaked for now just shy of $22K. There is very little buying interest at what would seem to be fire sale prices with respect to prices from just a few months ago. The price action is rounding off and the Kovach OBV is still hugging lows. Additionally, the contractionary GDP figure is likely to weigh on stocks which is not likely to help...

quantguy

The US dollar has gained strength, pivoting from 104.00. We have blasted through levels in the 104's, and are currently contending with 104.83, the final technical level in the 104's. We are just a few ticks away from 105. It does appear that we are getting enough momentum coming through to hit 105.25, and if so our next target is 105.78. If we reject 105's,...

quantguy

Stocks took a dive from the high 3900's. We identified 3909 as a likely target in the previous report, and a brief rally was able to hit this target and then some, coming just shy of the 4000 handle, and retracing just shy of a 0.618 Fibonacci retracement of the selloff from the 4000's back in early June. We have since retreated to support at 3825, which is a...

quantguy

The DXY has continued its range in the low 104's. We are seeing good support from 104.00, but strong resistance from 104.53 and 104.83, confirmed by red triangles on the KRI. Lower highs seem to indicate we are forming a bear wedge pattern, with the lower bound at 104.00. If support does not hold, then watch the vacuum zone below to 103.24. If we catch a bid,...