quantguy

quantguy

The DXY has formed a double top at 99.40. We seem to be getting great support from 97.73, confirmed by green triangles on the KRI every time we test this level. We seem to be in a longer term sideways corrective phase with a lower bound at 97.73. We seem to be in the middle of the range right now, so it is important to see what we do from here. If the DXY is...

quantguy

Stocks have received a nice buying wave, blasting through 4440. It appears we are back to bull mode, as this was the level to break before we could consider higher levels. We do appear to be facing some resistance at 4462, an intermediary level before 4487, which is the next relative high and key level to break before we can consider 4580 which is a major...

quantguy

Gold is stabilizing in the low 1900's. We appear to be topping out at 1956 after crossing the vacuum zone above 1936. However, 1956 proved to be prohibitive as we predicted in these reports. The Kovach OBV has leveled off indicating that we are likely to range between 1905 and 1956, and will likely consolidate further. There are a cluster of levels above 1956...

quantguy

Stocks had another day of gains, breaking out to test 4408, the exact level we identified here in these reports. We are seeing two red triangles at this level on the KRI suggesting it is providing resistance for now. The price action does appear to be rounding off, suggesting that we may be in for a retracement or some ranging. Candidate levels for a dip...

quantguy

Oil has gotten a lift from the mid $90's back to the $100's. We were able to break through $101, and are currently ranging in the vacuum zone between $101 and $106. The Kovach OBV has picked up slightly as oil has gained momentum. It is likely that most of the geopolitical factors are priced in, so we might not see an aggressive rally back to highs, but a...

quantguy

The DXY has retraced significantly from highs. The level 99.40 has proven to be an absolute high for now, and the dollar has rejected these upper levels as we have predicted in these reports. We have retraced lower through multiple support levels including 98.82, 98.24, and 97.89. Finally, it appears we are seeing some support just above the next level down...

quantguy

Bitcoin has topped out at $41.6, the exact target we have predicted here. It got a lift from the range it had held at $38K or so, but momentum quickly faded and we have established a range again between $40K and $41.6K. The price action is steadily drifting downwards, as the Kovach OBV levels off. Watch for support at $40K but if not, we could reestablish the...

quantguy

Ethereum got a nice lift from the mid $2K's to $2800 or so. Although level $2852 was prohibitive for ETH, we still were able to break past $2762 which is a significant level, and recent high which was rejected earlier this month. We have found support at $2762, confirmed by a green triangle on the KRI. It appears we are at least establishing a new range between...

quantguy

Litecoin has held its ground and remained well above $100, after breaking through $105. It has struggled with $109, but appears to be getting support here as confirmed by green triangles on the KRI. The Kovach OBV has slumped which might be a bearish sign. If we reject current levels expect support at $105 and $101. Otherwise $114 is the next target.

quantguy

Litecoin has blasted off with the Fed decision yesterday. Cryptocurrencies and other "Risk On" assets have benefitted from the certainty of the decsion. The hike has been pried into the markets for months. Litecoin found support at $101, and tested $105, breaking it solidly, before breaking $109, which we have added as a technical level. We broke above that...

quantguy

Ethereum has pivoted from $2500 or so and rocketed up to higher levels in the $2700's. The FOMC decision did great for "risk on" assets as we were predicting in these reports. The Kovach OBV has ripped higher, but is starting to level off as ETH finds resistance at $2762. This remains a barrier confirmed by a red triangle on the KRI. From here we could range...

quantguy

Bitcoin got a lift with stocks as the FOMC decision finally came. The markets were largely pricing this in and due for a relief rally. This lifted us from the $30K's to test $41K. Unfortunately for bulls it seems that $41K is a barrier for now. The Kovach OBV has lifted notably but has leveled off. We are likely to range here as we feel out higher prices. We...

quantguy

Oil has continued its decline but the bleeding seems to have stopped for now as we have found support in the mid 95's. We have found support at $95.24 as confirmed by multiple green triangles on the KRI. Subsequently we have lifted to $100 which seems to be providing resistance at this point. The Kovach OBV is still bearish but does seem to be leveling off. If...

quantguy

Stocks have rallied after the first rate hike in three years by the Federal Reserve. Novice traders might surmise that stocks would collapse off this news, however dedicated readers here should have been prepared. We called this rally days ago. Why? The rate hikes have been priced in months ago and we are seeing a 'relief rally' which follows with more clarity...

quantguy

Litecoin has spiked up with the rest of the crypto market as investors anticipate the FOMC decision today. The Fed is expected to lift interest rates by 0.25% (25 basis points) to combat inflation. We blasted up through $105, and attempted to cross the vacuum zone to $114, but a sharp retracement took us back to $105. We appear to be getting a lot of support...

quantguy

Ethereum got a lift with the rest of the crypto market as investors prepare for the FOMC decision today . Crypto's are behaving increasingly more like risk on assets, and this asset class (which also includes stocks) got a nice lift in what is known as a 'relief rally'. We blasted through $2651, and after some volatility, continued the uptrend into the vacuum...

quantguy

Bitcoin got a lift last night with the stock market, as investors prepare for the 25 basis point (one quarter of a percentage) hike in interest rates . As the correlation between Bitcoin and stocks (and other risk on assets) increases, investors appeared to gain a surge of confidence with the certainty of the rate hike to fight inflation . We tested as high...

quantguy

Stocks got a major lift ahead of the FOMC rate decision today. As we are all well aware, the Fed is expected to lift rates by 25 basis points (one quarter of a percent) to begin their 'firefight with inflation' . The rate hikes were heavily priced into the markets, and when the decision is made, we can expect a relief rally as the uncertainty is lifted. ...