quantguy

quantguy

Bitcoin has retraced from $45K to find support at $41K. This is exactly what we predicted yesterday. Bitcoin was having a great deal of trouble with $45K, with the price action rounding off, and several red triangles on the KRI confirmed resistance there. We seem to be getting good support at $41K, but if it fails, we will surely see further support at $40K. ...

quantguy

The US dollar has gained considerable strength on geopolitical tensions and safe haven inflows. We have blasted through 98.22 and are currently meeting some resistance at 98.82. It is reasonable to expect a pullback here as we have spanned almost a full handle. But if we are able to break through current levels then 99.40 is our next target. We have strong...

quantguy

Oil has topped out at $116, before retracing to $106. This is 1000 tick spread which is formidable, even for oil. But that is to be expected with this rally of historic proportions. We appear to be forming a possible dragon head pattern, and are currently exhibiting volatility between $106, and $110. The Kovach OBV has been meteoric lately, but has since...

quantguy

Stocks have been feeling out the 4300's and low 4400's. We made a brief attempt to test 4400, which was quickly thwarted by 4408. It seems that the war between Russia and Ukraine is still instilling market participants with trepidation, especially after Russian forces attacked a nuclear power plant in Ukraine. The S&P 500 has since rejected highs and tested...

quantguy

Gold is steadily uptrending but meeting fierce resistance. We appear to be forming a bull wedge with 1956 as an upper bound as a 1956. There are several levels above this to provide resistance and after that there is a relative high at 1973 or so which is sure to provide resistance. The Kovach OBV is steadily trending up suggesting a slight bull bias. But if...

quantguy

Bonds have demonstrated some great volatility in the past 24 hours. We tested 127'08, and formed a rounding bottom before blasting off again to the 128 handle. A wick hit 128'24, another one of our levels before retreating to level off in the mid 128's around 128'11. We are right in the middle of the previous range between 127'08 and 128'24. The Kovach OBV is...

quantguy

Litecoin continues to hold the range between $105 and $114. Currently, we are drifting below this upper bound at $111 or so. The Kovach OBV is edging down, suggesting there is little or no buying in LTC at this point. When we see that combination of lack of buying interest, a hard upper bound, and a bear bias to the indicators, we can expect lower prices,...

quantguy

Ethereum has made multiple attempts to reclaim the $3K handle with every attempt rejected. We are seeing the price action round off, with several red triangles on the KRI at $3042, suggesting this is a top for now. Unless more momentum comes through, we may see another dip to lower prices, like $2762 or $2651. However, we are seeing good support from $2852,...

quantguy

Bitcoin has made multiple attempts to break $45K, but every attempt has been thwarted. Wicks reject higher levels every time, and we have multiple red triangles on the KRI. Also, the price action is rounding off, which suggests a top at current levels. We are seeing support from $43.1K, as we have been mentioning in these reports, however support appears to be...

quantguy

The DXY has pulled back from the double top we identified at 97.89. We have seen strong resistance at this level confirmed by red triangles on the KRI. However, we are not seeing a rejection from these highs and appear to be seeing a bull wedge forming. The Euro has fallen to lows last seen in 2016 against the AUD and GBP, which has contributed to the DXY's...

quantguy

Oil has continued its tremendous ascent. We are well into the $100 handle at this point, with little in the way to suggest that it may turn back. We did see some resistance at our intermediary target of $110, but a strong burst of momentum smashed through this target and hit our next profit target of $116.61 to the tick. The next profit target is at $122, which...

quantguy

Stocks keep edging up, but remain bounded from above by 4380. We appear to be forming a bull wedge pattern at this level, with several red triangles on the KRI to confirm resistance here. The Kovach OBV is slightly bullish as well, suggesting a bit of a bull divergence. If we break out, we have several levels above to provide resistance, but ultimately, the...

quantguy

Litecoin continues to meet resistance from $114, with two red triangles on the KRI confirming resistance here. We have been bouncing around between $100 and $114 since the end of September, and appear to be forming a nice value area here. The Kovach OBV has slumped a bit, suggesting there is a slight bear divergence, so if we retrace, then $105, and $101 should...

quantguy

Ethereum got a lift with Bitcoin, but $3K still remains a barrier. We are seeing two red triangles on the KRI at $3042, with $3K holding by a thread. We do appear to be forming a bull wedge, or other bull consolidation pattern, but it could go either way at this point. Crypto is looking a bit top-heavy and a retracement could take us back through $2965 to $2852...

quantguy

Bitcoin has held highs after regaining the $40K handle. We blasted past resistance to test $45K once again, where we are currently meeting resistance as confirmed by red triangles on the KRI. The Kovach OBV has leveled off so we are likely to continue to range until more fundamental interest returns. Sanctions on Russia appear to be boosting crypto prices,...

quantguy

Oil has soared and smashed through even our most aggressive profit targets. We smashed through 106, then hit 110, before finally coming up for air. A brief retracement appears to be finding support just above 106, so it does not appear that the rally is over, or even showing signs of pause. The Kovach OBV is extremely strong right now, as one would expect, but...

quantguy

Stocks have retraced further from relative highs at 4408. It looked like we might have been gearing up for a bull run to test 4440, but geopolitical woes seem to keep weighing, and two red triangles on the KRI suggest that 4408 is providing prohibitive resistance for now. We have since retraced back to 4272, but seem to have good support there. Currently, we...

quantguy Updated 

Bonds have soared as risk off sentiment prevails as the Ukraine conflict intensifies. Russian forces are bearing down on Kyiv, the capital of Ukraine and civilian casualties are mounting. ZN has blasted off from highs at 127'08, through 127'22, and well into the 128 handle. We have cleared 128'01, the first level in the 128's, and have just broken through...