quantguy

quantguy

The DXY has fallen to support at lower levels, as the dollar strength has continued to unwind. We fell from the 104's to support at 102.86, then to 101.70, and finally the level below that at 101.39. We are seeing some green triangles on the KRI to suggest support at these levels. However, if they don't hold, 100.98, then 100.46 are the next targets below. If...

quantguy

Oil has continued its rally, breaking through our level at $111 with ease. It is currently facing resistance in the middle of the vacuum zone between $111 and $116. The Kovach OBV has picked up sharply with the rally, but has since leveled off. We have few fundamental reasons why we should see lower oil prices, however if we do retrace, we should have support...

quantguy

The S&P 500 has broken out from the upper 3000's and made a run for higher levels. We faced pretty steep resistance from 3978, about the midpoint of our failed inverse head and shoulders pattern. We noted that failed inverse H&S patterns are usually a bearish sign, and we have been in the doldrums all week. We also noted several times that the neckline of the...

quantguy

Gold has found support exactly at $1836, one of our levels. We noted in previous reports that gold should find support at $1836 or $1826. From here we saw a pivot back to relative highs in the mid $1800's. Recall that we have a dense cluster of levels in the mid $1800's at $1857, $1857 and $1865. These align with relative lows from early May, and are currently...

quantguy

Bonds have edged up higher, with ZN hitting our target of 121'00. This is a strong psychological and technical level. We are seeing a bit of a divergence between the price action and the Kovach OBV so unless more momentum comes thorugh, anticipate a dip or some ranging between 120'14 and 121'00. If we dip further, 119'23 should provide support. If we are able...

quantguy

Litecoin has broken down from our support level at $66.94, but has found immediate support below at $64.37, which we have added as a new technical level as LTC has tested it a few times during the two week malaise in crypto. The Kovach OBV has taken a dip downwards and is gradually slumping as the price action in Litecoin is broadly rounding off (illustrated by...

quantguy

Ethereum sold off with the rest of the crypto market, giving the $1900's entirely and dipping in to the $1800's. We are currently finding good support from $1821, confirmed by a green triangle on the KRI. The Kovach OBV is largely flat, but has dipped slightly with the selloff. This suggests that we may not have enough bear momentum to break lower, but if so,...

quantguy

Bitcoin faced an unfortunate selloff to the lower bound of the range it has been holding. We faced a sharp selloff from just below $30K back down to $28.8K. We anticipate further support from $27.9K if needed, but after that there is a vacuum zone down to $25K, the low of the selloff on the 12th. If we find support here, Bitcoin has been struggling with...

quantguy

Stocks have drifted upwards, testing the upper bound at 3978. This is roughly the midpoint of the failed inverse head and shoulders pattern that we have been referencing the past few reports. Recall that such a failure in this pattern is a bearish sign for stocks, and what we are witnessing is to be expected. The S&P 500 has been in the doldrums and can barely...

quantguy

Litecoin is continuing the range it's held for about two weeks, stabilizing between $66.94 and $76.62. The lack of buying interest suggests we need another dump before buyers are enticed and $55.84 is a likely target if so. If we are somehow able to break out then $77.39 should provide immediate resistance. After that, there is a vacuum zone to $85.08, which...

quantguy

Ethereum has been maintaining a narrow range between $1906 and $2143 for just about two straight weeks. The Kovach OBV is still pretty flat, dipping only recently at the most recent selloff to lower levels. There is a conspicuous lack of buying interest in crypto, and we fear we may test lower levels again, with $1700 a likely lower bound for now. This was the...

quantguy

Bitcoin is continuing the narrow range we have identified over a week ago. We are bounded between $28.8K and $31.0K, hovering somewhere in between, just below $30K at the time of this writing. The crypto market got slammed earlier this month, with a selloff on the 11th and 12th bringing us down to an eye-watering $25K. We anticipate further support here should...

quantguy

The DXY has found support exactly at the level we anticipated, 101.70. This followed from a dramatic technical retracement from the 104's, through 102.86. From there we fell through a large vacuum zone, finally finding support at 101.70, our exact level established as a target back in April. Support is confirmed by several green triangles on the KRI, and we are...

quantguy

Oil has been ranging in between $108 and $113, with consistent resistance at $111, which we have added as a new technical level. The value area has consolidated immensely, which suggests that we may be preparing for a breakout. There is no fundamental reason yet why we should see significantly lower oil prices, though China's renewed Covid lock downs weigh on...

quantguy

Stocks have been wavering at lower levels and just can't seem to break 3978. This is a technical level, about midway through our inverse head and shoulders pattern. This lackluster behavior is to be expected as the break down from the inverse H&S pattern is a very bearish sign, and portends strong resistance if we do try to inch back up and test highs. The...

quantguy

Litecoin has maintained a narrow range between $66.94 and $73.62. We did appear to be seeing a bull wedge forming, but momentum quickly dropped off as the rest of the crypto market stagnated. The lack of buying interest suggests we need another dump before buyers are enticed and $55.84 is a likely target if so. If we are somehow able to break out then $77.39...

quantguy

Ethereum has held a narrow range between $1906 and $2143. The Kovach OBV has remined pretty flat, with a dip recently at the most recent selloff to lower levels. The narrow range usually precedes a breakout either way. There is a conspicuous lack of buying interest in crypto, and we fear we may test lower levels again, with $1700 a likely lower bound for now. ...

quantguy

Bitcoin has ranged between $28.8K and $31.0K for the latter half of this month. We have continued this narrow range since the selloff on the 12th, and are not seeing much momentum, or buying interest, especially considering these are 'fire sale' levels with respect to last month's prices. Though we could get a lift if risk on assets like stocks find momentum,...