quantguy

quantguy

Stocks have broken lower as the pivot from the initial selloff has failed. We tested relative lows briefly at 4214, before breaking lower to test 4144, which was the exact level we have been calling out this week. Support at 4144 held, and we are currently making a weak run for higher levels, though we seem to be having some issues with 4214 from below. The...

quantguy

Litecoin has found support after giving up the $100 handle briefly, and testing the high $90's. We were immediately bought back, breaking through $101, and testing $105. However, momentum quickly fizzled and we have retraced, finding comfort in the range between $101 and $105. The Kovach OBV does suggest a bull divergence, we should face prohibitive resistance...

quantguy

Ethereum is making an attempt to regain the $3K's, currently sitting just below this psychological level at $2995. We met resistance just below our technical level at $3042, which seems prohibitive for now. The Kovach OBV has edged upward but has since leveled off, suggesting we are facing strong resistance here. If we are able to break through $3042, there is...

quantguy

Bitcoin has pivoted from lows completely in tandem with the bounce we saw in stocks. We have regained the $40K handle, as we anticipated here yesterday. However, we are seeing great resistance just below $40.8K, suggesting bulls still are not incentivized to buy it back higher. Range trading seems like the best option here. Be patient and scoop up some BTC in...

quantguy

The US dollar has continued its meteoric rally. We have broken through all of our resistance levels, currently peeking up above 101.70, at 101.82 at the time of this writing. There is a fairly wide gulf between current levels and our next target at 102.86, but at this pace the 102's are not unreasonable. If we retrace, then 100.98 should provide support, then...

quantguy

Stocks have found support around 4214, just a few levels above our anticipated floor of 4144 or 4122. We still have shed over 400 points in just three days, but we have seen a nice pivot from lows. There does appear to be volume behind the rally, as the Kovach OBV has picked up notably. However, we met immediate resistance at 4306, one level away from 4327...

quantguy

Litecoin has taken a dramatic turn for the worse, completely giving up the $100 handle albeit for a bit. We smashed through all of our technical levels in the low $100's including $111, $109, $105, and $101. We did see support start to form around $99, confirmed by a green triangle on the KRI. We were then bought back up to $100, suggesting that the markets...

quantguy

Ethereum plummeted through the $3K barrier, testing the first two highest levels of the $2K handle. We have currently broken through $2852, but appear to be finding support in the vacuum zone between this and $2762. The Kovach OBV has been edging downward and has taken a dramatic turn south with the selloff. At this point it would be FOMO to enter a short...

quantguy

Bitcoin plummeted off global recession fears and a strong selloff in stocks. We have completely given up the $40K handle for now, but are finding support at $38.2K. The Kovach OBV is abysmally low, and hugging a lower bound, after turning sharply south with the selloff. We do appear to be getting good support from current levels, but if we are able to break...

quantguy

The US dollar continues to surge, barely affected by Macron's win in France, which gave the Euro a slight relief rally. We dipped down to 99.82, where we saw strong support, as anticipated. After that, we rocketed back through 100, to hit resistance at 101.39, and eventually blast through that, to hit our next profit target at 101.70. We are currently meeting...

quantguy

Stocks plummeted as global recession fears mount. The strict lockdown in China has rippled through the markets, and additionlly PMI was a huge miss on Friday. We have smashed through our anticipated level of support at 4327, which we have been calling out for weeks now. We are currently finding support nearly 100 points below at 4228. We are seeing a green...

quantguy

Litecoin has rejected $114 as we anticipated in these reports. It has smashed through $111 and $109, finally finding support at $105. If this does not hold then $101 is the next level of support and should be considered a floor for now. If we are able to pivot, then $109, $111, and $114 are all possible targets, with $114 a max upper bound for now. The Kovach...

quantguy

Ethereum has rejected $3148, exhibiting a classic double top pattern before crashing back to $2965, giving up the $3K handle entirely. We are currently seeing support from this level, and teseting $3042. We saw a red triangle on the KRI confirming resistance there and are at the base of the $3K handle at the time of this writing. We should see support from...

quantguy

As discussed here, Bitcoin was able to break through $42K, but $43.1K provided prohibitive resistance. We rejected this level hard and fell through the $42K's where we anticipated at least some support, back to the base of the $40K handle. A wick even tested the high $39K's. We have since recovered $40K, just barely. We are making an attempt to test $40.8K,...

quantguy

The US dollar has climbed right back up to highs, as yields have picked up. It is currently testing 100.98 breaking just above it at the time of this writing. This level is significant both technically and psychologically as it is very close to 101, a new handle for the DXY. We are actually currently testing the 101's. If we reject these highs, then 100.46,...

quantguy

Oil has leveled off finding strong support in the lower $100's, $100 and $101 specifically. We mentioned in these reports that we are due to range between $100 and $106, as the Kovach OBV has completely flatlined and both levels will provide strong support and resistance, respectively. If we breakdown further, we should have strong support from $95.24. If we...

quantguy

Stocks got hammered after testing resistance at 4504, just one level down from 4521, a relative high and the exact level that we predicted would provide resistance yesterday. We completely retraced the progress stocks have made from relative lows at 4364. The Kovach OBV has slumped, but does appear to be curving as we are finding support. If we are able to...

quantguy

As predicted in these reports, gold has stabilized between 1936 and 1956. We have strong support from 1936 confirmed by multiple green triangles on the KRI, and formidible resistance above at 1956, also confirmed by red triangles on the KRI. There is a dense collection of levels above, which should provide prohibitive resistance for now. The Kovach OBV has...