quantguy

quantguy

Ethereum pumped breaking $2651, as it broke out from our bull wedge pattern that we identified yesterday. Recall that $2651 was providing significant resistance, since the latter half of January. However, higher lows suggested we were mounting pressure for a breakout and we saw that last night. We are currently facing resistance at the next level above at...

quantguy

Bitcoin caught a nice pump in tandem with stocks. We were able to break $38K, albeit barely, with a wick extending up to $39K or so, before retreating to support at $38.2K. The Kovach OBV has picked up notably with the pump but has since curved downwards as Bitcoin is meeting stiff resistance at $39K. It appears we will need to wait for the North American stock...

quantguy

Oil is ranging in a sideways correction bounded from above by our target and highs of 88.74, and below by 87.21. We have seen support from this latter level as confirmed by a green triangle on the KRI, and a subsequent pivot back to attempt highs again. Currently, we are within inches of the high at 88.74, and the Kovach OBV has picked up notably. If we are...

quantguy

Stocks have gained steam in the Asia-Pacific session, finally breaking through the upper bound of the range at 4440, which they have been holding all week last week. The S&P 500 was able to reach our next target of 4487, and continued to trend up, before finally coming up for air around 4521, where two red triangles on the KRI are noting resistance. The Kovach...

quantguy

Litecoin appeared to be drifting up to test higher levels at $114, but didn't quite have enough momentum to reach this level. Several red triangles on the KRI market resistance at every step of the way through a brief bull rally over the weekend. The resistance proved too much for LTC and it subsequently dumped back to $105, where it is currently hovering. The...

quantguy

Ethereum has met extreme resistance at $2651, confirmed by two red triangles on the KRI. We do appear to be broadly forming a bull wedge with higher lows as Ethereum has clawed its way back to the mid $2K handle from the low $2K's. The level $2651 has provided consistent resistance at every attempt, and remains the upper bound of our bull wedge pattern. Last...

quantguy

Bitcoin has faced resistance from $38.2K, and has pressed down to lower levels of support in the narrow range between $36K and $38K. We appear to be finding good support at $36.7K, confirmed by a green triangle on the KRI. However, there is a vacuum zone down to $34.9K. The crypto markets are looking weak, so be mindful of this downside risk. If we are able to...

quantguy

Stocks are maintaining the wide range between 4272 and 4440. We are currently tending to the upper bound of this range, testing higher levels where we are meeting resistance. The Kovach OBV is trending upwards, suggesting a slight bull divergence. Watch the open today to determine if momentum picks up for clues as to whether we can break 4440. If so, the next...

quantguy

Gold has pressed down past our support level at 1795, plummeting through the entire vacuum zone between 1815 and 1795. As predicted, we have found support in the 1780's, with two levels acting as a buffer between our ultimate floor of 1777. We are seeing a bull wedge forming at current levels, suggesting that gold may attempt a rebound to higher levels, but will...

quantguy Updated 

Oil has topped off just below our target at 88.74. We appear to be equilibrating in a sideways correction about 87.21. It looks like we are establishing a floor just above 86, in the vacuum zone between 85.55, and 87.21. Volatility has consolidated considerably, so anticipate a breakout either way. We could make another run for 88.74. The Kovach OBV is still...

quantguy Updated 

After breaking down from our head and shoulders pattern, bonds have found support at lower levels and have attempted a rebound. The level 127'08 provided good support confirmed by a green triangle on the KRI, and we saw a nice pivot there. We were able to break above 127'22, the next level above before retracing and stabilizing above 127'08 again. It appears...

quantguy

Litecoin has completely flatlined, finding support at $105. The Kovach OBV has flattened, with a very slight bull divergence, and volatility has narrowed considerably, suggesting a breakout may be near. If that is the case, watch $114 and $120 as targets to the upside. If we break down, then $94 should provide support. The lackluster performance at such...

quantguy

Ethereum is ranging in right around $2400. We are getting good support from $2324, confirmed by a green triangle on the KRI. The Kovach OBV has completely flattened and volatility is consolidating suggesting a breakout might be near either way. If we break down, then $2143 should provide support, but if not then watch $2087 and $2025 for further support. These...

quantguy

Bitcoin is maintaining the narrow range between $34.9K and $38.2K. We saw great resistance from $38.2K with several red triangles on the KRI indicating resistance every step of the way as we made an attempt for upper levels on Wednesday. The Kovach OBV is completely flat, suggesting that we will need momentum to come through either way before it makes its next...

quantguy

The US dollar has shown great strength from multiple underlying factors, including an increasingly Hawkish Fed and soaring inflation. We have smashed through the 96 handle and established footing in the 97's. The DXY is currently testing 97.32, breaking above it just barely. Several red triangles on the KRI are indicating resistance here. Also, the price...

quantguy

Stocks appear to be establishing value in the lower 4300 handle. We have support from below at 4272, and are facing resistance above at 4440. The Kovach OBV has completely flattened out, confirming the indecision. Currently, it appears we are making a run for lower levels, so watch 4272. If we are able to break this, then 4228 is the next target. Beyond that,...

quantguy

Gold has smashed through lower levels, currently breaking through our levels in the 1780's. We are just above 1777, the floor we anticipated yesterday. We sliced through the entire value area between 1815 and 1795 with ease. The Kovach OBV has taken a turn to the bearish side with the selloff. We anticipate 1777 to hold, as it has provided support in the past,...

quantguy

Litecoin made an attempt to break our level at $114, but this was met with fierce resistance, confirmed by a red triangle on the KRI, after several red triangles confirmed resistance on the way up. We dumped back down to $105 after the FOMC meeting, finding brief support there. Currently, we are edging just above this level, though the price action seems quite...