quantguy

quantguy

Bonds have picked up from lows, retracing the vacuum zone back to resistance at 126'19, exactly as we had predicted yesterday. The Kovach OBV picked up very slightly, but nowhere near enough to suggest any serious buying momentum. We are seeing resistance from these levels, as anticipated, confirmed by a red triangle on the KRI. It seems likely that ZN may...

quantguy

Litecoin has sold off with the rest of the crypto market. We smashed through support at $120, and tested $114, which appears to be holding strong as confirmed by a green triangle on the KRI. We made a concerted effort to pivot, which was promptly batted down at $120 again, confirmed by a large wick on the candle and a red triangle on the KRI. The Kovach OBV has...

quantguy

Ethereum tested our level at $3200, making a concerted attempt to break out to test the head of our head and shoulders pattern at $3324. However, this provided prohibitive resistance, and we subsequently sold off. We predicted this would happen yesterday, as $3200 appeared to form a double top. We sold off all the way back to $2965, then $2852, exactly as we...

quantguy

Bitcoin has retraced back to support at $40K. We had been calling for this retracement after weak momentum met resistance, and the price action meandered just below $45K. Several red triangles on the KRI confirmed that $45K was too top heavy for Bitcoin, and we promptly retraced to support in the $41K's. After that did not hold, we identified the next levels of...

quantguy

The S&P 500 has retraced from relative highs at 4487, reentering the previous value we identified yesterday. Recall that we asserted yesterday that if stocks retraced, they would likely enter the value area between 4272 and 4440. We do appear to be finding support roughly in the middle of this range, just above 4364, where we saw support Monday. Stocks could be...

quantguy

Litecoin has retraced to support after testing $130. We have retraced from there to support at $124, which we anticipated yesterday. The price action appears to be weakening further, and if so, we can anticipate further support at $120. Unless there is a drastic spike of momentum either way, we anticipate the sideways correction between $120 and $134 to hold. ...

quantguy

Ethereum has made an attempt at higher levels but $3200 has provided prohibitive resistance, as we anticipated. We are seeing a double top at this level with two red triangles on the KRI to confirm the resistance. Currently, we are finding support at the neckline of our head and shoulders pattern at $3042, which we also predicted yesterday. If support breaks,...

quantguy

Bitcoin has pressed higher, though hopes for a bull rally were quickly thwarted as we met resistance just below $45K. Several red triangles on the KRI indicated resistance, and the price action was rounding off. Support at $43.8K broke, and the next level below, $43.1K is hanging on by a thread. If we break down further, we should have support from two strong...

quantguy

Oil has dipped sharply, as we anticipated yesterday. We have tested 95.24 several times, but red triangles on the KRI have confirmed resistance at every attempt. Subsequently, a strong selloff took oil prices back to support at 88.74, the exact level we called out in our reports yesterday. Also, as we anticipated, we are seeing support here, with an attempt to...

quantguy

Stocks are ranging after inching past resistance at 4462. The S&P 500 was able to break this level of strong resistance but just barely, encountering resistance at the next level at 4487. We met resistance here confirmed by several red triangles on the KRI, and then retraced back to support at 4431. The Kovach OBV has leveled off completely suggesting it could...

quantguy

Litecoin has picked up, with the burst of momentum we saw in the crypto market. We found good support from $120 and $124 with $130 currently providing resistance. The Kovach OBV is edging up higher, but we don't have much technically to suggest a further rally. If we do see more momentum come through, then $134 is the next level of resistance, before we can...

quantguy

Ethereum has made a run for higher levels, breaking past the neckline of our head and shoulders pattern at $3042. We are currently meeting resistance at $3200, with a red triangle on the KRI signifying resistance at this level exactly. The Kovach OBV has turned up sharply with the rally, but appears to be leveling off as we have met resistance. If we see...

quantguy

Bitcoin has made an attempt at a rally, but several red triangles on the KRI have suggested resistance. We seem to have topped out just below our level at $45K for now. The Kovach OBV has quickly leveled off as we encounter resistance. It appears we are in a broad sideways corrective pattern after a large rally took us back to the $40K's again from the high...

quantguy

Oil has retraced sharply from highs at 95.24. A red triangle on the KRI has confirmed prohibitive resistance and we have sharply retraced, initially finding support at the next level below at 92.03. From here, we made a run for the next level below at 90.06, but have found support just above it. We have currently made an attempt to break past 92.03 again, but...

quantguy

Stocks have risen a bit off alleviated Ukraine/Russia tensions. Troops have apparently pulled back, though several Ukrainian government institutions have been hacked, which adds some ambiguity to the overall picture. We appear to have an inverse head and shoulders type pattern forming off recent lows, as we penetrated the value area between 4440 and 4272. We...

quantguy

Litecoin has lifted a bit, after finding support at $120. We were able to clear $124 and are currently testing the next level at $130. Several red triangles are confirming resistance around this level, but if momentum continues, then $134 is the next target with $141 following if we can cross the vacuum zone. Otherwise, we should see support from $120, then...

quantguy

Ethereum has regained the $3K handle after breaking down from our head and shoulders pattern, testing $2852. We saw strong support here from several green triangles on the KRI, and support held strong until another wave of momentum took us back to the $3K's, past the neckline of our head and shoulders pattern at $3042. Currently, we are just above this level,...

quantguy

Bitcoin has found support in the $41K handle, and made another attempt for relative highs. We were able to inch above $43.8K, but are meeting resistance just below $45K. Several red triangles on the KRI suggest that Bitcoin is struggling to maintain these higher levels, and thus this rally may just be a leg of a broader sideways correction. If so, we anticipate...