quantguy

quantguy

Litecoin is testing higher levels, though still respecting the range between $105 and $114. We are seeing several red triangles on the KRI confirming resistance as we attempt to climb higher. The Kovach OBV has been gradually trending downward, suggesting an overall divergence, which does not give us much hope for breaking out of this range at the moment. If we...

quantguy

Ethereum found really good support at the lower bound of its value area at $2556. We saw a notable pivot from this level and are attempting $2852 at the moment, with a red triangle on the KRI to confirm resistance here. The Kovach OBV has picked up slightly, but we might not have the momentum to break through $2852. If we do, then $2965 is the next target, the...

quantguy

Bitcoin is oscillating in the value area in the mid $30K handle. We are range-bound between $36.7K and $38.2K, currently making a run for the upper bound of this range, where a red triangle on the KRI is confirming resistance. The Kovach OBV is sloping downward, so we don't have much hope that BTC will be able to break out of this range right now, but if so,...

quantguy

The US dollar has collapsed down to the 95 handle, finding support at 95.26. We smashed through several levels in the 96's after giving up this handle entirely. We are beginning to see support via a small inverse head and shoulder pattern. However, the strength of this selloff is formidable, and we are wary of lower prices to come. If so, then 94.97 is the...

quantguy

Oil has rallied significantly, smashing through our target of 90.06, and solidifying the 90 handle. We are within inches of our next target at 92.03, with a red triangle on the KRI confirming some resistance just below it. The Kovach OBV is ripping with this rally, demonstrating the incredible strength of this rally. Our next target of 95.24 is garnered from...

quantguy

Stocks have showed some weakness after rejecting higher levels at 4580. We appear to have topped out at this level for now with several red triangles on the KRI confirming prohibitive resistance for now. The Kovach OBV has taken a notable dive downward, but we have found support for now at 4462. We might be forming a bear wedge with a lower bound at this level....

quantguy

Gold has been volatile, but is overall holding the range between the 1780's and 1815. We first smashed through 1795, the lower bound of our value area, but quickly found support at 1789, where we were bought back up to 1815. Currently we are meeting resistance at this level confirmed by several red triangles on the KRI. The Kovach OBV is rather flat, filtering...

quantguy

Litecoin made a run for the upper bound of the range it was holding between $105 and $114. We saw several red triangles on the KRI confirming resistance at these upper levels before immediately selling off to test the lower bound at $105. Currently we are seeing support and some green triangles on the KRI. The Kovach OBV has completely leveled off, suggesting...

quantguy

Ethereum has rejected relative highs after feeling out the upper $2K handle. Several red triangles on the KRI confirmed resistance as Ethereum attempted to break $2800. Subsequently, it fell back to comfort in the $2600 area, finding strong support from our level at $2556, confirmed by a green triangle on the KRI. The Kovach OBV has turned over suggesting that...

quantguy

Bitcoin has broken down from a head and shoulders type pattern with a neckline at $36.7K. We appeared to be gearing up for a run to $40K, but $39K provided prohibitive resistance, with several red triangles confirming resistance as every attempt at higher levels was thwarted. From there, we found good support at $36.7K and appeared to be ranging between $36.7K...

quantguy

The US dollar made a run for lower levels, breaking through to the 95 handle. We appeared to be making a concerted effort to test lower levels in the 95 handle but found support at 95.82, the exact level we anticipated. A green triangle on the KRI has confirmed support here. We appear to be making a brief pivot back to the 96 handle, but are currently facing...

quantguy

The S&P 500 has made a run for higher levels, but has faced extreme resistance at 4580, which we identified as a hurdle for stocks in these reports. We attempted to break higher, but several red triangles on the KRI have confirmed resistance. Subsequently, a small retracement took us back to support at 4521. The Kovach OBV is pretty flat, lending skepticism to...

quantguy

Litecoin has made a concerted effort to test higher levels in our range between $105 and $114. The upper bound of this range is providing prohibitive resistance at $114, and Litecoin appears to be consolidating at this level. The narrow range in volatility suggests that Litecoin is coiling up for a breakout either way. The Kovach OBV has flattened considerably,...

quantguy

Ethereum is ranging narrowly, despite a burst of momentum in stocks. Volatility has consolidated between $2762 and $2852. The Kovach OBV is completely flat, suggesting that we need to see more momentum come through if we are to break this range. However, the longer volatility consolidates, the more likely we are to see a breakout. Our next target is $2965, the...

quantguy

Bitcoin is holding a very narrow range, stubbornly refusing to cooperate with a recent intermarket correlation with stocks. Although stocks broke out to higher levels, BTC has remained in a very narrow comfort zone between $38.2K and $39K. We have made several attempts at higher levels which were immediately thwarted by resistance at $39K, confirmed by several...

quantguy

Oil is tending toward the upper bound of the range between 87.21 and 88.74. We are definitely seeing an affinity toward higher levels and a bull wedge type pattern forming. We have strong support from below as confirmed by green triangles on the KRI. It does appear that oil is mounting up for a breakout soon, in which case, our next target is 90.06. If we...

quantguy

Stocks have gained notable momentum. We have broken through our first target of 4487, and have made a run for the second level at 4580. We are currently seeing some resistance at this level, confirmed by a red triangle on the KRI. There is a vacuum zone above 4580 to 4632, which is our next target for the S&P 500 if we are able to break 4580. The Kovach OBV is...

quantguy

Litecoin got strong support from $105, and made a run for the next level at $114. We seem to be meeting resistance just below this level at $110 or so, confirmed by several red triangles on the KRI. The burst of momentum that permeated the rest of the majors did not seem to benefit Litecoin nearly as much as we were unable to attain new relative highs, and were...