quantguy

quantguy

The US dollar has edged higher off soaring yields with the expectation of yet another fed rate hike (a total of four) this year. We have solidly established the 95 handle after testing lows in the 94's earlier this week. We broke 95.26, 95.58, and 95.82 with ease. Currently, we are facing resistance at 95.82, which has been a significant level in the past. A...

quantguy

Stocks took a sharp turn for the worse. As predicted, the break down from the inverse head and shoulders pattern we identified two days ago, was a bearish sign indeed. We have traversed the vacuum zone below 4632 and made a run for 4580. We anticipated this level to hold, but we saw only a brief attempt at a pivot off this level which was quickly sold back...

quantguy

Weakness in the crypto market has caught up with Litecoin, which made a genuine attempt over the weekend for higher highs. We were able to break out from the $130-$140 range and test the $150's, but our level at $153 was too much for LTC and we came crashing down to support at $141. We are currently testing support at this level from above, which is significant...

quantguy

Ethereum has pressed lower in the $3K handle testing $3200 and $3148, which seem to be holding nicely for now. We have strong support from these levels confirmed by green triangles on the KRI. The Kovach OBV is still pretty flat but is actually starting to pick up. If this indicates some momentum is starting to come through, then $3324 is the next target. If...

quantguy

Bitcoin has 'rounded off' in price action and is testing lower levels in the $40K handle. We are seeing good support from $41.9K and $41.6K, confirmed by two green triangles on the KRI. Though we are seeing support at these levels, there is still a lack of buying interest which does not bode well for BTC. If these levels do not hold, then $40.8K is the next...

quantguy

Oil keeps edging out new relative highs. We have broken past resistance in the 83's and solidly established the 84's. Currently, we are testing 84.75, which was a target set from Fibonacci Extension levels. Our final target remains 85.55. If oil keeps up the bull trend, this should easily be solidified this week. New relative highs are closer together,...

quantguy

Stocks have broken down hard from our inverse head and shoulders pattern. This should be considered a very bearish sign. We have broken into the vacuum zone between 4632 and 4580, finding support at roughly the midpoint around 4600, a psychological level, which may also become our next addition to technical levels on this chart. The Kovach OBV is quite bearish,...

quantguy

Litecoin has shown surprising strength against the majors. Bitcoin and Ethereum are both lagging, with very little buying interest, holding narrow ranges at their respective value areas. But Litecoin has surprisingly made a run for the mid $100 handle, after lagging in the $120-$130 range last week. We were able to first break through $141, which itself was a...

quantguy

Ethereum has made a run for highs but $3416 has continued to serve as a ceiling. Red triangles on the KRI have confirmed resistance at every attempt to break through this level. If we are able to muster the strength to break out then $3473 and $3563 are the next targets. A consistent lower bound here is $3200, and range trading may be the best trading idea here...

quantguy

Bitcoin has wavered in the neighborhood of $43K. The Kovach OBV has completely flatined, and we have drifted down slightly from $43.8K which appears to be a prohibitive high for now. Several red triangles on the KRI have confirmed resistance every time we have made an attempt for this level. There is a vacuum zone above it back to the mid $40K handle at $45.0K...

quantguy

Stocks have dipped, testing lower levels in the 4600 handle. We found good support at 4632, but are witnessing some volatility here. We may be seeing the formation of an inverse head and shoulders with a neckline at 4668, one of our technical levels which appears to be providing resistance. Several red triangles on the KRI have confirmed resistance as we have...

quantguy

Gold has been holding the range between 1815 and 1826 nicely. We are seeing good support and resistance from above and below, respectively, confirmed by green and red triangles on the KRI at these levels. The price action is starting to 'round off' at highs, suggesting we be losing confidence in higher levels, and might be gearing up for a retracement. If...

quantguy

The US dollar has plummeted from the 96 handle, through 95's and is attempting to find support in the 94's. We saw brief support at 94.97, but this did not hold long, and we fell down to 94.77. Several green triangles on the KRI are confirming support just below this level, but we continue to edge downward suggesting we may be seeing a bear flag or other...

quantguy

Gold has made another run for hgihs, but is facing resistance at 1826. Several red triangles on the KRI are suggesting resistance here. The Kovach OBV is strong, but has leveled off, suggesting momentum may have petered out for now and we are likely to see further resistance from 1826. But if not, 1836 is the next target. We should see support from 1815, but...

quantguy

Bonds have edged up, but as predicted, are facing resistance at 128'24. We saw a red triangle on the KRI at this level to confirm resistance. Currently, we are seeking support at 128'10, which we also anticipated. Two green triangles on the KRI are suggesting support here. As discussed yesterday, bonds are establishing value between 128'10 and 128'24. The...

quantguy

Litecoin has hit our price target of $141, but then swiftly retraced back to comfort in the $130's. We found good support at $134, and are currently meandering in the upper $130's, suggesting a value area may be forming between $134 and $141. The level $130 should hold if we break $134. In the event of a further selloff, we should see support from $124, with a...

quantguy

Ethereum faced a sharp selloff as it edged up to the mid $3K handle. We made several attempts to break through $3416, a level we have identified here. But several red triangles on the KRI confirmed resistance and we swiftly sold off from there. The rally was looking technically weak, and we mentioned that many times in our reports. We sliced through the next...

quantguy

Bitcoin faced a sharp selloff at relative highs. We identified $43.8K as a key level, and barrier to higher levels in the $40K handle. Bitcoin appeared to make an attempt to break higher, but several red triangles on the KRI thwarted every attempt and confirmed resistance here. This pohibitive resistance amounted to a sharp correction, and we have fallen back...