quantguy

quantguy

Ethereum has sold off from the low $1900's to support in the low $1700's. The fact that it could not even test the $2K's again is a testament to its weakness. We saw a nice rally at the end of the weekend, which got swiftly smacked down to support at $1717, where we are currently wavering. There is an obvious lack of buying interest at these lows, suggesting we...

quantguy

The Bitcoin rally turned out to be a fakeout, as we stressed here in these reports. Hopefully, no reader got caught in the 'bull trap' as we've done our best to warn you. This range has continued and there is nothing to indicate a proper bull rally in crypto on the horizon. Until then its range trading, unless a serious bid comes through in stocks, perhaps. ...

quantguy

The US dollar has rallied a bit, with the DXY crossing the range to test 102.86 again. We have highlighted this level as auspicious and a likely target and area of resistance. In fact, we predicted that the DXY would establish value in the area between 101.70 and 102.86. This appears to be what we are seeing as the DXY takes a breather from the epic rally that...

quantguy

Oil remains at highs, after curbs on China Covid lockdowns have eased . Supply remains tight as OPEC is reluctant to increase oil production. Although they have agreed to boost production, which should help buffer skyrocketing costs per barrel, Saudi Arabian oil prices have continued to increase . We do appear to be seeing a bull wedge or triangle forming at...

quantguy

Stocks have maitained the range. Traders were hopeful yesterday as stock futures opened higher, only to sell off back to support later. We have retraced to just above 4068, the neckline of our failed inverse head and shoulders pattern. This should provide strong support and is somehwat of a significant level. If we are able to break through it is a bearish...

quantguy

Litecoin has seen a small pivot with the rest of the crypto market following a small rally in Bitcoin. We were able to pivot off of support in the lower $60 handle, but found immediate resistance at $64.37, then $66.94 which is a hard upper bound. We have cited these levels numerous times in the reports, and they continue to hold. It is unlikely there will be...

quantguy

Ethereum found support at lower levels, pivoting from teh $1700's to $1900 at the time of this writing. The rally is encumbered by resistance as confirmed by red triangles on the KRI. We are unable to break past $1906, and it is unlikely there is enough gas in the tank to the make an attempt at $2000. But if so, $2K is likely to be a hard upper bound. We are...

quantguy

A small rally in Bitcoin has gotten traders hopeful, however we feel this is nothing to write home about. We have not even been able to test the relative high at $32.3K. We have barely cleared $31.0K, before meeting strong resistance confirmed by red triangles on the KRI. If we do not see significant momentum follow through, then we are sure to test lower...

quantguy

Oil has picked up, testing relative highs. We seem to be having trouble reestablishing the $120's, with $119 being the upper bound for now. The Kovach OBV has picked up, but does not seem sufficient to indicate a significant rally to hit relative highs at $122. In fact, we are looking a bit top heavy so anticipate a retracement back to support at $116, $113, or...

quantguy

Stocks are maintaining the range established last week. We have good support from 4068, the neckline of our inverse head and shoulders pattern we noted two weeks ago. The level 4214 is providing strong resistance and is an upper bound for now. If we are able to break past it, then 4306 is the next target. The Kovach OBV indicates weakness, so we can expect the...

quantguy

Oil has pivoted from $111, smashing through $113, and hitting our target of $116. We are showing definite signs of strength as there really are not any fundamental factors that could indicate otherwise, however we do seem to be having issues reclaiming the high at $122. If we are able to break past $116 solidly, this is our next target. Otherwise expect support...

quantguy

Gold broke through our upper bound at 1865. We had noted the strong technical resistance at this level, confirmed by multiple red triangles over the latter half of May. But as predicted, gold hit our profit target of 1876. We are seeing immediate resistance here, confirmed by a red triangle on the KRI. The Kovach OBV spiked up hard with the rally, but has...

quantguy

Bonds have sold off into the mid 118's after smashing through 119'01. We have gradually drifted up from there, but are meeting resistance at 119'01. It will take some momentum to break through this level and right now it does not seem that ZN can muster the strength. The Kovach OBV has edged upward, but appears quite weak. If ZN is able to somehow break out,...

quantguy

Stocks caught a strong pivot off of our relative low. The relative low of 4068 is significant because it coincides with the neckline of the failed inverse Head and Shoulders pattern from last week. We saw strong support from this level as confirmed by a double bottom with two green triangles on the KRI. We are not quite ready to call a bottom for stocks and a...

quantguy

The DXY appeared to pivot from lows at 101.39. We made a genuine attempt to cross the vacuum zone to the next level at 102.86 but we met immediate resistance confirmed by several red triangles on the KRI. We retraced the vacuum zone immedately, finding support at 101.70, the level just above lows. We appear to be finding good support here confirmed by green...

quantguy

Bitcoin has edged higher with the stock market rally, but faced strong resistance in the low $30K's, immedately rejecting back down to $29K. We noted red triangles on the KRI during yesterday's rally, suggesitng that it was encumbered by resistance, and did not have the momentum to continue. Range trading, playing the upper and lower bounds of the value area...

quantguy

Ethereum wavered in the low $1800's before selling off back down to the mid $1700's. We dove into the vacuum zone between $1821 and $1748, and are currently hovering about the midpoint, around $1760 at the time of this writing. We appear to be establishing value here, but weakness in the OBV appears to have set in, as it has bottomed out again. Our absolute low...

quantguy

Litecoin drifted upwards after getting some buying interest from lows around $60. We edged up to $64.37 but faced immediate resistance there and faced a rejection back to the lower $60's. These levels do not seem enough to entice buyers in any significant way. Our levels at $64.37 and $66.94 appear to be hard upper bounds and barriers to Litecoin. In the event...