quantguy

quantguy

The DXY has tumbled through the vacuum zone from 102.86 to support at our exact level at 101.70. We called this out to the tick in yesterday's report. We should see good support here, and this appears to be the case as confirmed by a green triangle on the KRI. We still feel that the DXY is in bull mode, but we were due for a nice technical correction, as...

quantguy

Stocks have made an attempt to recover from Friday's selloff, but we have met strong resistance at 3978, about midway through the failed inverse head and shoulders pattern. We noted that this is a very ominous sign for stocks and in the past, from which it will be difficult to recover. It also suggests that 4068 (the necline of the inverse H&S) will be a very...

quantguy

Litecoin is gradually trending up to the upper bound of the range at $73.62. We are holding the range between this and $66.94, as the crypto market has remained in a slump for the past ten days. We are seeing very little momentum come through and the Kovach OBV has rounded off, flattening out completely. We will need more momentum to come through into crypto in...

quantguy

Ethereum is wavering at $2K, holding a narrow range between $1900 and $2143. The Kovach OBV has completely flatlined, and hopes that we were seeing a bull wedge pattern forming have fizzled. If we don't see momentum come through soon, we may see another dip to the $1700's, or lower. From above, we must first break $2143, then the next targets will be $2232 and...

quantguy

Bitcoin is wavering in the low $30K's after a slow and gradual uptrend from $28.8K. Dedicated readers would have been prepared to buy at this dip over the weekend, as we have identified support here at $28.8K and $27.9K. We have held the current range for ten days now, after the dip to $25K on May 12th. However, the lingering narrow range, with lack of buying...

quantguy

The DXY has collapsed as the Euro rallied off renewed hopes in growth . The Euro bounced off lows at about 103.50, as we were careening toward parity with the dollar. We see this as a temporary correction to the dollar rally, but also note that we have broken through some major support levels, including 102.86, which we anticipated would hold. We are currently...

quantguy

Stocks have recovered from Friday's selloff. Though we have fully retraced from that dip, we remain under 4000, and well below the neckline of that failed head and shoulders pattern discussed last week. The fact that we broke down from the inverse H&S is foreboding and that we broke lower than the head (relative low) of this pattern is even worse. The Kovach...

quantguy

Litecoin has equilibrated, and maintained the range between $66.94 and $73.62. The Kovach OBV is steadily rising suggesting a bull divergence, however the rest of the crypto market seems very dumpy, and Litecoin will follow in tandem with Bitcoin in the event of another selloff. If that happens, $55.84 is likely to hold for now. If we are able to break out of...

quantguy

Ethereum has picked up slightly, holding on to $2K by a thread. We found support at $1906 as anticipated and are holding the range between $1900 and $2100 nicely. Volatility has consolidated, and liquidity has dried up, which is not a good sign. The Kovach OBV is almost completely flat, suggesting the range should hold until more momentum comes through. We...

quantguy

Bitcoin has picked up slightly, and has been able to barely sustain $30K. We are continuing a range between $28.8K and $31K. The Kovach OBV has flatlined, suggesting that this ranging will continue until we have more buying momentum come through either way. However, from experience, if there is such little buying interest as such bargain levels (respectively),...

quantguy

The US dollar index has found support at 102.86, the exact level we predicted. We have topped out at 104.83 and appeared to equilibrate in the high 103's for a bit, but support broke and we were able to test lower levels, as anticipated. We appear to be wavering at our level at 102.86, and if support does not hold, then we could collapse further through the...

quantguy

Oil has found support, and continued its broad zig-zag rally. We dipped down below $106 briefly, but found support and quickly rebounded past $108, into the vacuum zone between $108 and $113. The Kovach OBV is still strong, and there is nothing fundamental to suggest lower prices. As targets we have $113 then $116. From below, $108 and $106 should provide...

quantguy

As predicted here, stocks have fallen from a failed inverse head and shoulders breakout. We were able to predict this due to the incredibly weak 'breakout' from the neckline at 4068. We also noted that this was a very bearish omen, and called out the exact level of support at the head of the inverse H&S at 3887 or so. Currently, we are seeing a bit of support...

quantguy

Gold has found support from the upper $1700's, and made a run for the mid $1800's. We smashed through the upper bound of a previous value area at $1815, then passed through several levels after that to reach $1851, which we identified in these reports as a target. We expected resistance here, since this level is a relative low from earlier in May. We are indeed...

quantguy

Bonds have found support and made a run for higher levels. The ten year dipped 119'23 into the 118's, finding support just above our level at 118'04. We then saw a rebound to 120'14, which we have been identifying as the next target after 119'23. It will take some momentum to break this level however, since this is a relative high from back in April. We are...

quantguy

Litecoin has rejected $73.62, with many red triangles on the KRI confirming resistance at this level. We are currently seeing some meager support at $66.94, but if that does not hold there is a vacuum zone to $55.84. The price action is rounding off and the Kovach OBV is beginning to taper, which may portend another dump. We must first break $73.62 before...

quantguy

Ethereum has met resistance in the low $2K's, and given up the $2K handle entirely. It fell with the crypto selloff to $1950 or so, where we are currently finding support. The Kovach OBV is very bearish, and the price action is rounding off, all ominous signs. If we break down further, we should have support from lows in the low $1700's. If we are able to...

quantguy

Bitcoin has found resistance at $30K and given up entirely, finding comfort in the $29K's. The price action is rounding off, suggesting another dump may be in store for us. We have good support at $28.8K, then $27.9K if that breaks. Then there is a vacuum zone down to $25K, the relative low from the previous dump. If we are somehow able to gain momentum, then...