quantguy

quantguy

Bonds continue their selloff ahead of the FOMC meeting today . The Fed is expected to raise rates, and we could be in for as many as 6 rate hikes total this year. This is impacting yields sending bond prices tumbling. ZN has made a brief attempt at higher levels but got batted down around 125'07, a level we identified yesterday. It is likely to continue the...

quantguy

Litecoin has dropped from $105, which we predicted yesterday. We noted that $105 was providing prohibitive resistance and there was no reason to expect any momentum in crypto unless some major news broke. The level $101 has provided support, confirmed by several green triangles on the KRI. We expect support to hold and for ranging to continue. However, watch...

quantguy

Ethereum has leveled off in a very narrow range between $2509 and $2595. This is a very narrow range for ETH as ambivalence in the crypto markets hits all the majors. We have very low activity on the network as well, with gas prices last night falling as low as $2 for some operations. If this disinterest continues, we could test lower levels. The first target...

quantguy

Bitcoin is ranging safely in the $38K's. We made a brief attempt at $40K again which was quickly batted down. Resistance at this level is confirmed yet again by a red triangle on the KRI. We appear to have strong support from $37.7K, with this level holding strong after an attempt to test lower levels. If these levels do not hold, watch the vacuum zone to...

quantguy

Stocks are hanging by a thread as investors weigh a new Covid outbreak in China , and Geopolitical Tensions . The stock market in China has crashed with 2008 level severity as investors panic over the potential of new Covid lockdowns and sanctions as a consequence of support for Russia. US stocks have been hit as well, with the S&P testing relative lows at...

quantguy

Bonds have edged out new lows as investors weigh deescalation of the war in Ukraine and increased expectations for a Fed rate hike . Yields in ZN, the 10 year treasury note, are the highest they've been since July 2019. We have sliced through multiple technical levels below, and have established new lows, yet again. We do appear to be seeing a brief pivot...

quantguy

Litecoin has been bouncing around the low $100's between $101 and $105. We have seen strong support at $101 by a green triangle on the KRI, and but a red triangle is confirming resistance at $105. It has held this range for the past week or so. The Kovach OBV is pretty flat, though it did dip slightly with the selloff. It is difficult to anticipate where it...

quantguy

Ethereum has leveled off consistantly around $2595, which we have added as a new technical level. It held almost completely flat over the weekend, but tested a relative low at $2509, which we have also added as new technical level. We seem to be filling out the range between $2454 and $2651. From here, it appears we are seeing resistance at $2595, but if we are...

quantguy

Bitcoin has been in the doldrums all weekend. It has flatlined around $39.2K, which we have added as a new technical level. We are seeing resistance at this level currently, as confirmed by red triangles on the KRI. It has really shown a preference for the range we have called out many times in these reports: $38K to $40K. The only good news is that Elon Musk,...

quantguy

The US dollar found support at lows at 97.89, then gained steam and made another run for highs at 99.40. It was unable to break this relative high, and had since retraced to 98.82. We do appear to be finding support here, confirmed by a green triangle on the KRI. We appear to overall be forming a bull wedge with an upper bound at 99.40 and if we break out,...

quantguy

The S&P 500 has edged up but remains volatile. We made a brief run for relative highs at 4327, but that was swiftly rejected. We appear to have bottomed out at 4214, where we have found support. It appears that we are seeing a slight pivot from this level, but are facing resistance at 4245. Despite hopeful headlines for stocks to rally here in the West, ...

quantguy

Litecoin has jumped off positive news about the Ukraine war. The news has lifted the crypto market as a whole, even though it was a minor comment that Putin made about " positive undertones " in talks with Ukraine. Litecoin has lifted from the low $100's to $105. We are currently testing this technical level which has provided fierce resistance lately. If we...

quantguy

Ethereum caught a lift with the rest of the crypto market off positive news in the Russia/Ukraine war. We found support at $2556, as we anticipated yesterday. The Kovach OBV still registers a bearish trend, though we do appear to be lifting at the moment, and we will see if this rally is for real or just noise. If we are seeing a genuine bid then $2651 must...

quantguy

Bitcoin bottomed out at $38K as we have been anticipating here in these reports. We discussed this yesterday and gave explicit levels where BTC would likely find support. News of potential easing on the Ukraine conflict has given the crypto market a nice lift and we are currently testing $40K again. The Kovach OBV has declined but is starting to lift with the...

quantguy

Crude has dropped to $106, but is holding strong at this level. News of the potential for peace in Ukraine has already lifted stocks this morning, and will put further pressure on oil which has already retraced from highs nearing our target at $132. The Kovach OBV has slid quite a bit, suggesting a bear divergence. We will see if the $100's hold as exuberance...

quantguy

The US dollar has turned sharply lower off news that the Russian war on Ukraine may be easing. Putin made some positive remarks about peace talks with Ukraine however we have no further details at this time. The DXY has turned sharply lower from relative highs at 98.82. A red triangle on the KRI suggested that we were meeting resistance here anyway. Watch...

quantguy Updated 

Stocks made a run for relative highs but still appear to be having trouble with relative highs at 4272, which was the exact level we called out yesterday. This and 4293 remain hard upper bounds for the S&P 500. At the time of this writing, we are seeing a small uptick, but these levels remain upper bounds in what appears to be a bull wedge pattern forming. The...

quantguy

Ukraine woes still weigh on global markets and although gold has retraced significantly, it is still hanging onto the high 1900's. Positive news is incoming as we compose this thread including Putin acknowledging "positive undertones" in Ukraine talks . We have given up the 2000's after touching highs at 2070. After finding support at 1982, we appear to be...