quantguy

quantguy

Stocks have retraced exactly to our level at 4462. Recall that this was the exact level we predicted yesterday. Stocks edged lower as they digested hawkish Fed minutes , and an increasingly Orwellian Covid lockdown situation in China . It does appear that we may be in the final stages of a corrective impulse and might be gearing up for another breakout. ...

quantguy

Volatility in gold has fallen substantially. We have been holding the broad range between 1895 and 1956, which narrowed to 1917 to 1936. Currently, we are in the middle of this latter range, stabilizing around 1925. When volatility consolidates, a breakout is near. Volatility has been consolidating for more than a week now, so a breakout should be imminent. ...

quantguy

Bonds are back to hugging lows, after a brief attempt at higher levels. We found immediate resistance one level above at 121'00. Even the rally to that level encountered serious resistance at every step, confirmed by red triangles on the KRI. We are back to lows again at 120'14. The Kovach OBV is very bearish so we can expect an imminent breakdown to lower...

quantguy

Litecoin has fallen further, along with the rest of the crypto market. We broke through $120, then $114, and are currently in the vacuum zone between $109 and $114. The Kovach OBV has sloped notably, and at this point we are starting to look oversold. A relief rally should find resistance at $114, then $120, where we once found support. If $109 does not hold...

quantguy

As predicted in these reports, Ethereum fell to $3200, where it found strong support. We actually have two strong levels around this price area, $3148 and $3200. Support should hold for now, but if not, expect further support at the base of the $3K handle, which we expect to hold as a floor for now. The Kovach OBV has arced over, which could suggest the...

quantguy

Bitcoin took a dive in close alignment with stocks yesterday. As predicted right here in these reports, BTC gave up the $45K-$46K range, finding support exactly where we said it would at $43.1K. The Kovach OBV has turned sharply south, but we do appear to be finding good support at current levels as confirmed by green triangles on the KRI. If we pivot from...

quantguy

Stocks got slammed yesterday, as we anticipated, retracing from relative highs at 4632, back to 4462. This is a relative low, which has provided good support at the end of March. The Kovach OBV has dipped notably. We should have strong support at 4440, if 4462 breaks, but after that 4327 is the next major level of support. If we are able to pivot off current...

quantguy

Volatility in gold has narrowed considerably. We were holding the broad range between 1895 and 1956, which narrowed to 1917 to 1936. Currently, we are in the middle of this latter range, stabilizing around 1925. When volatility consolidates, a breakout is near. Volatility has been consolidating for more than a week now, so a breakout should be imminent. If we...

quantguy

A wave of selling has afflicted Litecoin, taking it past support at $120. We are currently attempting to find support in the $114 to $120 range. It appears that Litecoin was forming a bear wedge, as we mentioned earlier, and we may be in the stages of breaking down. If so, watch for it to cross the vacuum zone to $114 and if that doesn't hold then $109 should...

quantguy

Ethereum has retraced from highs at $3563 back to the exact support levels we identified at $3324. The selloff in crypto bled into Ethereum, even though ETH appeared to be holding strong while Bitcoin wavered. But the $3500's turned out to be a ceiling for now, and we've corrected accordingly. We do appear to be seeing strong support confirmed by two green...

quantguy

Bitcoin took another dive after flirting with the $45K's. We were encountering choppy trading with thin volume and the Kovach OBV has completely leveled off confirming the ambivalence. We do appear to be seeing support just below $45K, but if this does not hold, there is a vacuum zone back to $43.8K. We will have further support around $42K and $40K if the...

quantguy

The DXY has tested 99.40 again, which remained an upper bound for the entire month of March. It was able to break that upper bound, coming just shy of our next target of 99.82. We are seeing a red triangle on the KRI, indicating that we are encountering some resistance. A retracement could take us through 99.40 after which we would encounter a vacuum zone to...

quantguy

Stocks took a dive breaking past relative lows at 4521. We are currently testing support at 4487, but this appears to be hanging by a thread. If support does not hold, expect the S&P to test 4462 or 4440. The Kovach OBV has turned over with the selloff, so unless momentum can pick up, we should be able to hit those levels. If we see a run of bull momentum...

quantguy

Litecoin is ranging and perhaps forming a bull flag after finding strong support from $120. We tested this level successfully after rejecting $130, but did not have sufficient momentum to take us much past $124. The Kovach OBV has slumped notably, so it is doubtful we will make another run for $130 without more momentum. We should see continued support from...

quantguy

Ethereum is testing highs at $3563, though the price action is rounding off, and the Kovach OBV has flatlined. This suggests that we may see a retracement soon. If so, anticipate support at $3324, or $3200. Weakness appears to be setting in with the crypto market, but if not, it will take considerable volume to break $3563, and the next level above at $3646. ...

quantguy

Bitcoin is maintaining the $45K-$46K range, and has consolidated considerably. We found good support at $45K, with a small pivot back to the $46K handle, with strong support from $46.2K. We appear to be forming a bull pennant pattern. Momentum has flatlined as measured by the Kovach OBV, and we will need to see another wave of bids come through before we can...

quantguy

As predicted, the US dollar has made a run for highs, breaking through 98.82. We appear to be slowing and perhaps running out of steam, but are finding support at 98.82 right now. We are currently in the vacuum zone between 98.82 and 99.40. If we are able to catch another burst of momentum, then we should be clear to test highs again at 99.40. We are starting...

quantguy

After topping out at 4632 as we anticipated, stocks have tested 4521, but appear to be equilibrating. We have mentioned that it is likely that the S&P 500 would either retrace or form a sideways corrective pattern and it appears the latter is the case. We are currently testing 4580, after which we have a vacuum zone back to 4632. It will take some volume to...