quantguy

quantguy

Bitcoin appeared to be getting good support at $39.2K, but has pressed lower. It broke through this level finding support just above $38.2K. We did see strong support confirmed by a green triangle on the KRI, however the price action does look pretty weak at the moment. Though we did see strong support, we are still not seeing further momentum come through. We...

quantguy

Stocks keep edging down, consistently making lower lows. We did have a small rally off support from 4389, which immediately sold off to break down further. We are currently finding support at 4364, but the price action is looking very weak. The Kovach OBV has slumped, suggesting that the rout will continue. If we do see bull momentum come through, 4462 and...

quantguy

As we have discussed, gold was facing steep resistance from a dense cluster of levels between 1956 and 1982. We were facing steep resistance at the last level, 1982. However, we were able to break out into the vacuum zone to hit 1999, our target from last week. We are currently meeting resistance here, confirmed by a red triangle on the KRI. The Kovach OBV is...

quantguy

Litecoin has found support in the low $100's and shows a remarkable amount of determination with respect to the other crypto's. We are currently testing $111, which we have noted as a strong resistance level. We may be seeing an inverse head and shoulders pattern with a slanted neckline, and if so, that could be a good sign for bulls. Targets above include $114...

quantguy

Ethereum saw good support at $2965. Bulls had hopes of a pivot, but this was swiftly quashed with resistance at $3148, exactly as we highlighted in these reports. We are still seeing support from $2965, but potentially seeing a bear flag forming. The Kovach OBV has flatlined suggesting that $3200 is a likely ceiling price for now. We will need sufficient...

quantguy

Bitcoin has slumped, still relaxing at the base of the $40K handle. We are seeing strong support at $39.2K, which seems to be a floor for now, but lack of buying at this level is concerning, and could indicate another test of lower levels. The Kovach OBV is still quite bearish. If so, $38.2K and $37.7K are likely levels of support. A likely ceiling for now is $43.1K.

quantguy

The DXY has retraced from highs only to find a second wind breaking past our target of 100.46. Hawkish Fed rhetoric is keeping the dollar at highs and the Yen at 20 year lows. We are forming what appears to be a bull flag at the moment. If more momentum comes through, our next target is 100.98. If we retrace, we should find support at 100.04 or 99.82.

quantguy

Oil is climbing hitting our exact price target of 106 where we expected to see resistance. Sure enough, we are seeing a red triangle on the KRI to confirm the resistance. The Kovach OBV and Chande are very strong, indicating that we will likely retrace from this level, potentially finding support again at 100 and 101. But if we can break out, then 113 is the...

quantguy

Stocks are clinging to 4389, a current relative low corresponding to relative highs from early in March. We made a brief attempt at higher levels, testing 4463, but this appears to be the upper bound for now, unless stocks can muster the strength to break out. The Kovach OBV is looking pretty weak so this is unlikely unless momentum picks up. If so, 4462 and...

quantguy

Gold has retraced slightly from highs at 1982. This was the top of a dense patch of levels that began at 1962 or so. We are on the precipice of a vacuum zone to 1999, which is our target if we can break out. However, several red triangles on the KRI have confirmed prohibitive resistance for now. The Kovach OBV is still fairly strong, however, and has not...

quantguy

As anticipated, bonds faced steep resitance from 121'00 and sharply retraced. We have fallen back to 119'23, one level above lows at 119'01. The Kovach OBV ticked up slightly with the rally, but has fallen sharply at the moment. At this point it is clear that any rally is purely technical and the bear rout is still at play.

quantguy

Litecoin saw strong support from $101 and a nice burst of momentum took it all the way up to $111, which we called out as a target yesterday. We met swift resistance at this level confirmed by a red triangle on the KRI. The Kovach OBV is pretty weak, so we do not expect the rally to continue. It is highly likely that LTC will range or retrace. Watch for...

quantguy

Ethereum has edged up from the base of the $3K handle, but has faced strong resistance from $3148. This level, proximal to another strong level at $3200, was one which we identified and called out as a strong resistance level, unlikely to be broken unless momentum comes through. We are seeing multiple red triangles on the KRI confirming the resitance. However,...

quantguy

Bitcoin caught a relief rally to $41K which was immediately batted down. We have recovered the $40K's albeit not by much. We are currently seeing support from $40.8K, one of the last levels in the $40K handle. If this does not hold, we could test $39.2K again. If we somehow see strong buying come through, we must first break out from $41K and $42K, before...

quantguy

Oil has broken through resistance in the low 100's including 100 and 101, but momentum has fizzled before reaching our next target of 106. It appears that we are feeling out the price territory between 101 and 106, a fairly vast vacuum zone. Watch for oil to remain range bound between 101 and 106 as it establishes value here. If strong buying or selling comes...

quantguy

Stocks continue to look weak, but appear to be finding support at 4389. However, we could be nearing the end of this corrective phase, and might be on the precipice of a breakout. Selling momentum has eased and we are seeing some volatility at current levels which could indicate a rebound. If not, expect support at 4327. If buying momentum comes through, 4462...

quantguy

Litecoin has found support at the base of the $100 handle as we anticipated. We are seeing somewhat of a relief rally at the moment, and appear to be making a run for $109. We are already seeing strong resistance as confirmed by red triangles on the KRI. But if we are able to break through then $111 and $114 are the next targets. If the rest of the crypto...

quantguy

Ethereum has dumped to the base of the $3K handle. Although it is finding support at current levels, confirmed by several green triangles on the KRI, we do appear to be forming a bear flag. If we dump lower, anticipate support at $2852 and $2762. If we catch some momentum, $3200 is a good target, but it will provide strong resistance and is a likely ceiling for now.