quantguy

quantguy

Oil has found good support off 101, but remains unable to break through 106. We appear to be ranging at these lower levels, establishing value. Volatility has consolidated notably in what appears to be a bear flag pattern, which could suggest that a break out is near. If so, then we must break 106 before considering the next target at 108, then 111 should be a...

quantguy

The S&P 500 has steadily risen, though this rally looks very weak. We have gredually made higher highs, and are currently encroaching upon a relative high at 3825. The Kovach OBV appears quite bullish, which could indicate there is more in the tank for stocks. If we are able to breakout further, we could solidify the mid 3800's, with 3909 a likely ceiling. ...

quantguy

Gold is encroaching upon lower levels of support as we predicted yesterday. It has steadily trended downward, though spikes in volatility have tested higher levels. We are seeing good support from 1826, confirmed by green triangles on the KRI. The Kovach OBV has been steadily down trending, but appears to be leveling off, suggesting support may hold, but if...

quantguy

Bonds have continued their rally, with ZN piercing through the 117's to hit our target at 118'04. A brief retracement has taken us back to 117'19, which was a previous target. The Kovach OBV has steadily risen, but has since leveled off a bit, which could suggest we are due for a retracement or some ranging. We should have support at 116'20 if we retrace...

quantguy

Litecoin has maintained the low $50's all week. We have seen strong support from $51.92, but resistance from $55.84. We are seeing strong resistance at this upper bound confirmed by many red triangles on the KRI. We will need significant momentum to break through $55.84. The Kovach OBV is completely flat, and if more momentum does not come through, we can...

quantguy

Ethereum still remains rangebound between $1017 and $1235. We have been in this sideways corrective pattern all week. The Kovach OBV is pretty flat, but has a bear drift to it. This and the lack of buying interest and stock market slump suggest we may see another selloff. If so, $1017 is likely to provide support, but if not, we should see support in the...

quantguy

Bitcoin is struggling to maintain the $20K's. It is forming a very narrow range between $19.7K or so and $21.5K. The Kovach OBV has flatlined, and the lack of buying interest suggests another dump may be in order, unless stocks have a breakthrough and can break out of their malaise. We must solidly clear $20.7K before attempting higher levels, the next target...

quantguy

The S&P 500 has continued to range establishing an upper bound at 3792, confirmed by red triangles on the KRI. We have been edging up with higher lows, and volatility has consolidated suggesting we are gearing up for a breakout. The Kovach OBV is still pretty bullish, suggesting a bullish divergence and possible bull breakout. If so, we must clear 3825 before...

quantguy

Gold broke out through the vacuum zone after edging down in the lower 1800's. We tested 1826, though multiple green triangles on the KRI started to indicate that the selloff was encumbered. This suggested a break out was near and subsequently we hit 1851. Recall that we can expect increased resistance starting at this level through the mid 1850's and that is...

quantguy

Litecoin has been maintaining the range between $51.92 and $55.84. We were tending toward the upper bound of this range which had bulls hopeful, however we met strong resistance from red triangles on the KRI, and the crypto market selloff took us back to $51.92. Luckily, this level is still holding and it could have been a lot worse, which is encouraging. If we...

quantguy

Ethereum has sold off with the rest of the crypto market, but is maintaining the broad range between $1017 and $1235. We were running into resistance below $1235, confirmed by red triangles on the KRI, and were unable to even reach $1235 or even $1200. Currently, we are finding support in the low $1K's, and we anticipate $1017 to hold as a lower bound. The...

quantguy

Bitcoin sold off with stocks, testing the lower $20K's. It is hanging onto the $20K handle by a thread. Despite the stock selloff, we were starting to see increased resistance in the low $20K's confirmed by red triangles on the KRI and were unable to test even the first level of the $20K's at $22.4K. The Kovach OBV has slumped, suggesting we will not make...

quantguy

The US dollar has found support at 104.00, as we have anticipated. Since then, we have pivoted, and tested the next two levels, 104.53 and 104.83. We are starting to run into some resistance, so unless major momentum comes through, we anticipated the DXY to remain range bound in the 104's. But if we see a burst of momentum, then 105.25 is the next target. If...

quantguy

Stocks have taken a dive, off renewed recession fears. We anticipated resistance at highs, and if you recall from yesterday, we surmised that if momentum was insufficient to break the relative highs at the time, a dump was likely. That is exactly what happened. We were barely able to peak above 3758, but failed to test the next level at 3792. Subsequently, we...

quantguy

Litecoin has rallied, finding resistance at $55.84 but forming a bull flag type pattern. We are getting good support from the next level down at $51.92, confirmed by green triangles on the KRI. The Kovach OBV has flattened, suggesting we will need more momentum to come through before LTC is able to break the range either way. If bull momentum comes through we...

quantguy

Ethereum is edging up, but facing incredible resistance from $1150 or so, just under our level at $1235, confirmed by several red triangles on the KRI. The Kovach OBV has lifted notably, suggesting a bull divergence. We may be coiling up for a breakout, but we need momentum to follow through before we can break $1235 and hit the next target of $1341. If we...

quantguy

Bitcoin is encroaching upon the $20K's, after dipping to the low $17K's this weekend. We are seeing incredible resistance here confirmed by several red triangles on the KRI. We have made it to $21K albeit barely, but a burst of momentum is necessary to solidify the $20K's. If this comes through, watch $22.4K and $23.9K as the next targets. If we do not see...

quantguy

Oil has bottomed out at 106, and gotten a bit of a boost, pivoting back to the 110's. We met resistance just below our level at 111, then started to range and establish value between this level and 108. The Kovach OBV appears to have bottomed out and is starting to arc upwards suggesting a small bull divergence. If we are able to break out to higher levels,...