quantguy

quantguy

Bonds have smashed through relative lows in the mid 126's to find support at 126'00 which appears to be a technical and psychological level. We have added this as a technical level on the chart. ZN has been on a clear decline falling 3 handles from the 129's to the base of the 126's. The Kovach OBV is on a steady decline, but does appear to be leveling off...

quantguy

Litecoin showed signs of bullishness, catching a nice bid off the crypto rally, however this excitement soon faded, and we gave up higher levels and retraced back to comfort in the low $100's. We broke out of $105, but just barely. Resistance was met at $108 confirmed by a red triangle on the KRI, and the price immediately rounded off and retraced almost the...

quantguy

Ethereum has rejected $2762 after exuberance faded off the rally in Bitcoin from the crypto Executive Order news. We retraced almost the entire rally, and sliced through $2651, the next level below. Finally, we found support just above $2556. The price action here still looks a bit shaky, so watch for support at the next level below at $2454. The price action...

quantguy

Bitcoin has retraced sharply from its rally to the $41K's in a classic Bart Simpson pattern. Recall that exuberance over the Executive Order on crypto regulations sparked a big rally, which soon faded. Support failed to hold as $211M worth of liquidations crushed bulls. We have completely given up the $40K's and have returned to safety in the previous value...

quantguy

Oil has retraced sharply off news that OPEC is planning to oblige the demands of the west and increase oil production . We are still holding onto the $100's, but dipped by double digit percentages down to 106, where we found support. Currently we are seeing a nice pivot back through 112, with the price currently in the vacuum zone between 112 and 116. Russia...

quantguy

The S&P saw a nice rally but the hope soon faded. We were able to break 4272, but rejected 4293. Bulls are encountering steep resistance at multiple levels and the momentum we saw just doesn't seem to be sustained. The Kovach OBV has edged up ever so slightly, but has quickly leveled off. We appear to be finding support at 4243, confirmed by two green...

quantguy

Litecoin has gotten a lift from lows in the $90's, pivoting and regaining the $100 handle. We have broken past $101, then topped off just above $105, currently hanging in there at $106. The Kovach OBV has ripped with the momentum, as there was not much trading action for LTC. However the Kovach Chande has rounded off, suggesting that the pendulum may swing back...

quantguy

Ethereum has tested lows at $2454, and pivoted with the momentum coming through in the crypto market. We have broken past the next technical level at $2651, and are currently testing $2762, where we appear to be meeting resistance. The Kovach OBV has pulled up notably, but the Chande has arched over, suggesting a top for now. If that is the case, then we should...

quantguy

Bitcoin caught a huge lift, after ranging between $38K and $40K. This perhaps was driven by news that Santander is launching loans backed by tokenized commodities such as grains and soy. This is a significant development for crypto, and is bigger than the "Bitcoin ETF", which is currently pegged to Bitcoin futures prices, not a basket of crypto holdings, at...

quantguy

Oil has topped out just below our profit target of 132. Subsequently, it retraced to the 120's, currently finding support at 120 exactly which might be a new technical level forming. The Kovach OBV is still strong, but does appear to be arching over slightly. The US has committed to banning Russian oil imports, which will not ease the soaring price of oil,...

quantguy

Stocks have pivoted off lows, stubbornly refusing to break 4144, and test relative lows at 4122. There is talk that market participants think that the worst is behind us, especially with regard to the Russia/Ukraine war, which shows no sign of resolution yet. We remain unconvinced and still see much risk to the downside. If 4122 does break, we should be clear...

quantguy

Litecoin has fallen from the $100's breaking into the $90's once more. We saw several attempts to test $105 again, each of which we thwarted and resistance was confirmed by red triangles on teh KRI. The Kovach OBV has leveled off so we don't expect much action in LTC, however it is trying to regain $100, currently hovering about this level. We found support...

quantguy

Ethereum has given up the $3K handle, falling from $3042 all the way down to the mid $2400's. We are currently seeing support from $2454, but if this does not hold, we will see support at $2402. There is a low of $2324 which will likely hold in the event of another selloff. However, if not, there is a vacuum zone to $2332. The Kovach OBV is pretty lackluster,...

quantguy

Bitcoin has fell from the $40K's to the value area between $38K and $40K. We made a run for lower values but found great support at $37.7K. We are currently seeing a lot of resistance above confirmed by multiple red triangles on the KRI. Indeed, $40K should provide a barrier for now, but if we are able to break through, then we have two strong levels in the...

quantguy

Oil has blasted through our profit target of $122. It seems that we have to update our profit targets for oil on a daily basis. After it smashed $122, a wick made it as high as $130 before retracing. It then fell to $116, where a green triangle on the KRI confirmed support. Currently, we are seeing perhaps a bull wedge forming with an upper bound at $122. If...

quantguy

Stocks have opened in the red this week. The S&P 500 has retraced almost the entire range, from 4408 down to 4144, just a few points away from the relative low at 4122. We are currently seeing a nice pivot from that level confirmed by a green triangle on the KRI. However the Kovach OBV is still quite bearish. The key level to watch is 4122. If this fails to...

quantguy

Litecoin has rejected $114 as we anticipated yesterday. The price action was quite weak, with low liquidity and red triangles on the KRI at this level. Subsequently, as anticipated, we retraced to support at $105, with $101 to provide further support should $105 not hold. Note the vacuum zone to $94 if the $100's do not hold. The Kovach OBV is weak, but...

quantguy

Ethereum has rejected its attempt for the $3K's. We saw strong resistance at $3K, with several red triangles on the KRI and a rounding top in the price action. We have sliced through three major levels with the selloff in a stairstep type pattern. We broke $2852 and $2762 with ease and currently appear to be making a run for $2651. The Kovach OBV is arching...