quantguy

quantguy

Bitcoin has remained confined between $27.8K and $32.3K for just about the past month. Every rally seems to be swiftly batted down. Even within this range, volatility has consolidated immensely and we are hovering right about $30K, giving it up by a thread. The Kovach OBV is completely flat, however there was a selloff in stocks yesterday, and very thin trading...

quantguy

The DXY has rallied breaking through resistance at 102.86, which remained a hard upper bound to the price range established this week. The US dollar is at multi-year highs against many other major world currencies such as the Yen and the Euro. We have smashed through 102.86, finding immediate resistance at 103.82, which was our next technical level after 102.86....

quantguy

We have been reporting on the bullishness of oil, and called the bull wedge breakout from $120 to $122 perfectly. It was able to break out from this level perfectly, and has reached $122.95, our target level, to the tick before retracing just above $120, where it is currently finding support. After the breakout it is likely to range at currently levels, between...

quantguy

Stocks have finally broken out of the range they have been holding since the end of May. The S&P 500 has remained confined between 4068, the neckline of our failed inverse head and shoulders pattern, and 4214. The neckline of the inverse H&S is a strong technical level and the fact that we have broken down past it is not a good sign for stocks. We found support...

quantguy

Gold continues to consolidate in the mid 1800's. We have met strong resistance from a cluster of levels beginning at 1851, with strong resistance from the upper most of these at 1865. Earlierthis month, 1876 proved to be a hard upper bound, and we expect this to hold as a ceiling even if more momentum comes through. From below 1836 and 1826 should hold as a...

quantguy

Bonds have found support just above our level at 117'19. We appear to be forming a bear wedge, but the Kovach OBV is flat, suggesting we may range at current levels. After the precipitous decline from 121'00, it is likely that we will establish value in a sideways correction or even a relief rally, before another selloff. If we break down further, then 117'08...

quantguy

Litecoin continues to maintain the range, but is tending toward lower levels. The price has drifted down from highs at $66.94. A red triangle on the KRI has confirmed resistance here, and this is the level to break if we want to consider a proper bull rally. If so, there is a vacuum zone to our next target at $71.62. We have strong support from $61.75,...

quantguy

Ethereum has leveled off in the $1800's after spending some time in the $1700's, with volatility consolidating immensely. We appear are seeing formidable resistance in the low $1800's, confirmed by several red triangles on the KRI. There does appear to be a bull divergence in the KRI, but we must break through $1906 before we can consider any rally to be...

quantguy

Bitcoin is maintaining the range, after a brief attempt at $32K was quickly thwarted. We are holding $30K by a thread, but thin liquidity and low volume may suggest another foray into the $29K's or lower before we see any more buying interest. We anticipate the broad range between $27.9K and $32.3K to hold unless we catch a bit off a rally in stocks for example....

quantguy

Volatility in stocks has continued to consolidate, and we are broadly forming a pennant pattern. We are seeing consistently lower higs, starting from 4214, which is the level we must break before attempting higher levels. The neckline of our failed inverse head and shoulders pattern at 4068, seems to be providing good support, and lows have recently tended just...

quantguy

The US dollar has rallied a bit, then consolidated, establishing value just below 102.86. We appear to be forming a bull flag pattern as the currency market awaits the ECB decision at 7:45AM EST. A rate hike or hawkish rhetoric could impact the DXY, taking us to lower levels at 101.70, 101.39, or 100.98, which we anticipate to hold as a floor price. If we are...

quantguy

Oil has broken out from the bull wedge it was forming all this week. We have broken past the upper bound at $120 and have hit our target at $122.95 to the tick. We met immediate resistance here confirmed by a red triangle on the KRI before retracing a bit, but the Kovach OBV seems strong so we do not expect much in the way of a retracement. If we do, $116...

quantguy

Oil is tending to highs, forming a bull wedge pattern. The Kovach OBV has slumped a bit, suggesting a slight bear divergence. We are facing some resistance at $120, the upper bound of the wedge pattern. If we break out, we are set to hit $122, relative highs, and are clear to press higher after that. If we do retrace, then $116 should provide support, then...

quantguy

Litecoin is still ranging maintaining the behavior it has held for almost a month now. We keep testing the low $60's, and we have added $61.75 as a new technical level which seems to be the lower bound of the range. Volatility has consolidated immensely, with $66.94 a hard upper bound to the range. The Kovach OBV is flat, so we will need more momentum to come...

quantguy

Ethereum has tested the lows of the $1700's once again, with a small pivot taking us $1872 where we met immediate resistance, confirmed by a red triangle on the KRI. We are seeing progressively lower highs, from the $2100's down to the $1800's. Ethereum seems more and more comfortable testing the $1700's which several months back would be considered laughable. ...

quantguy

Bitcoin has been maintaining the range, bouncing back and forth between $28.8K and $32K or so. Bulls seem to get hopeful every time there is a small rally, but we have not seen any follow through for almost a month. The level $32.3K remains a hard upper bound, and our most recent rally fell short of even that. There is a red triangle on the KRI just below this...

quantguy

The S&P 500 has continued the range between 4068 and 4214 or so. The upper bound of this range seems to be waning, with lower highs possibly suggesting we may be forming a bear wedge or flag. Either way, volatility does seem to be consolidating slightly, which in the long run portends a breakout. The Kovach OBV is drifting up, which may signify a bull...

quantguy

Litecoin has retraced back to the lows of the $60 handle, exactly as we mentioned yesterday. We were sure that $66.94 would be a hard upper bound and warned readers to that effect. Sure enough, LTC swiftly sold off from this level to the aforementioned support. We do appear to have strong support at $61.80 or so, with several green triangles on the KRI...