quantguy

quantguy

Oil has reached our target of 95.24, where a red triangle on the KRI confirmed resistance, followed by a retracement. We are seeing good support at 92.03, confirmed by a green triangle on the KRI. The Kovach OBV is still very bullish, with the brief retracement failing to budge it. Thus we have no indication of a reversal any time soon, and are still bullish of...

quantguy

Stocks have gotten support from 4364, roughly the midpoint of the range they were holding between 4272 and 4440. We have since broken through that high and attempted 4462, the next level above, where we are currently meeting resistance, confirmed by a red triangle on the KRI. Perhaps this rally follows news that some Russian troops have returned to base, and the...

quantguy

Litecoin has broken down from the $140's, which appeared to be too top heavy for the beleagured coin at this time. We smashed through the $130's, which did little to provide a buffer to the $120's where we are currently seeing support. The Kovach OBV has dropped off sharply, leveling off as the price action meanders at current levels. If we selloff further,...

quantguy

Ethereum has fallen back to the $2K handle. After forming a head and shoulders pattern we broke down from $3042 and smashed through $2965, the next level below. The next level of support at $2852 does seem to be holding but the price action looks pretty weak. If we break down further, $2762 and $2651 should provide support. If we see a burst of momentum, we...

quantguy

Bitcoin has retraced to $42K, where we are encountering good support. We have two strong levels at $41.6K and $41.9K, and several green triangles on the KRI to confirm support here. The Kovach OBV has dropped off notably, but appears to be leveling off. The price action looks weak so watch the vacuum zone back to the $40K's. After that, there is another vacuum...

quantguy

Oil picked up momentum falling just shy of our target at 95.24. We have since retraced back to support at 92.03, with a green triangle on the KRI signifying support just above this level. The Kovach OBV is still very strong, and we have no reason to believe that the bull rally should stop now. If we retrace further, watch 90.06 for further support. If momentum...

quantguy

Stocks have tanked off Ukraine/Russia tensions. We were holding the value area between 4462 and 4580 last week, but have smashed through the lower bound of this range and have reentered the value area between 4272 and 4440. The Kovach OBV has dropped significantly, but appears to be leveling off as the S&P 500 clamors to find support. A green triangle on the...

quantguy

The US dollar has been bought up from relative lows at 95.26. The firmness in the dollar stems from inflation data yesterday and increased expectations of a Fed hike. We did see some volatility in the DXY, but support has held strong, and we appear to be making a run for the 96's again. However, 96.00 has provided prohibitive resistance for the moment, with two...

quantguy

Oil has retraced from the 90's to 88.74, as we anticipated in our reports. We are extending the sideways correction that started forming after we rejected relative highs in the 92's, currently inching up above 90.00, just barely. The Kovach OBV is still strong, but has started to level off as oil ranges. There isn't much data to support a further correction,...

quantguy

Gold has found resistance at 1836, exactly as we anticipated in these reports. We have since retraced back to support at 1826, the next level down, after testing 1815 and finding support just above this level. Two green triangles on the KRI suggest strong support at 1821 or so. The Kovach OBV was pretty strong, but has leveled off in tandem with gold's top. ...

quantguy

Bonds took a sharp nose dive off increased Fed rate hike expectations and inflation. We smashed through our lowest levels of support and drove deeper into the 126 handle, before finally bottoming out at 125'17, a support level extrapolated from inverse Fibonacci levels, a tool we are relying on more and more, now that we have exhausted all of our lower technical...

quantguy

Litecoin has sharply rejected $141 as we anticipated in these reports. It was starting to look top-heavy technically anyway, but inflation data and increased Fed rate hike expectations caused a sharp selloff from these higher levels. We are currently finding good support in the $130's, specifically at our technical level of $130. A green triangle on the KRI is...

quantguy

Ethereum rejected higher levels at $3200 as we predicted here all week. We were able to breka through $3200 for a brief time, coming just shy of the next target of $3324, where several red triangles on the KRI confirmed prohibitive resistance. Inflation data and increase Fed rate hike expectations have bled into the crypto market encouraging a selloff across the...

quantguy

Bitcoin made a run for higher levels, breaking through resistance at $45K, but topping out at $45.6K, exactly as we predicted here. It seems that inflation data and increased Fed rate hike expectations have taken their toll on crypto. We appear to be maintaining the $40K's for now, but have retraced sharply to $43.1K. This level has held strong in the past, but...

quantguy

Stocks have rejected 4580 as we anticipated yesterday. After inflation data yesterday and increased Fed rate hike expectations, the S&P 500 sharply rejected 4580, where we anticipated strong resistance anyway, and retraced the entire range back to lows at 4462, exactly as predicted. The Kovach OBV appeared to be gaining gradually, but has turned sharply bearish...

quantguy

Litecoin has tested $141 again as we anticipated yesterday. We appear to be forming a bull wedge pattern with the upper bound at $141. We are seeing some resistance here as confirmed by red triangles on the KRI. But it does appear that momentum is mounting and we could see a breakout. If so, $147 is the next target, then $153. If we retrace, $134 then $130...

quantguy

Ethereum is continuing the bull trend with momentum picking up. The Kovach OBV is still strong and we have not seen a significant retracement. We are within inches of our next target at $3324, with some red triangles on the KRI confirming resistance. In the event of a retracement, $3200 should provide strong support, where it once provided resistance. But...

quantguy

Bitcoin has made another run for relative highs, with $45K still an upper bound but providing strong resistance as confirmed by several red triangles on the KRI. We do appear to be forming a bull wedge pattern with $45K as the upper bound. The Kovach OBV has completely leveled off with the ranging. This suggests that we may range further, but if momentum...