quantguy

quantguy

Oil has made a run for relative highs again. It has reached our target of 83.21 again, and looks to be testing this level for another breakout. Our next target is 83.76, then 84.75. Watch for some resistance at 83.21, confirmed by a red triangle on the KRI. The Kovach OBV is still strong, but has dipped slightly as oil stutters at relative highs. It does seem...

quantguy

4729, but this level seemed prohibitive for stocks, and we sold off from there slicing through 4693 with ease, but finding support at 4649. We made a brief attempt at a pivot, but 4668 is proving to be an obstacle as a red triangle on the KRI has confirmed resistance here. The Kovach OBV has dropped off notably into bearish territory, but is starting to level...

quantguy

Litecoin has blasted off from the $130 handle to cross the vacuum zone above $134 to $141. However, $141 has provided prohibitive resistance, and we appear to have rejected this level for now, with a sharp selloff sending us back midway through the vacuum zone between $134 and $141. We should see support at $134, but after that we have $130, and $124 if needed. ...

quantguy

Ethereum has risen gradually from the low $3K handle to just below $3400. We appear to be caught in a very narrow range between our levels at $3324 and $3416. The Kovach OBV has risen slightly, but is still paltry with respect to the prior selloff. There is a red triangle on the KRI which could suggest that resistance is forming at $3416. If so, then watch for...

quantguy

Bitcoin has caught a lift from the low $40K's and is currently maintaining a very narrow range around our level at $43.8K. There is a vacuum zone above to the next level at $45.0K. The Kovach OBV has leveled off for now, suggesting that momentum has waned for the moment. We do appear to be meeting resistance just above $43.8K confirmed by three red triangles on...

quantguy

Oil has strengthened on stronger demand prospects. We have hit our price target at 83.21, as we discussed yesterday. Two red triangles on the KRI suggest that this is an upper bound for now, but if the bull rally continues, we could easily break through to the next price target, which have gathered from Fibonacci Extension levels at 83.76. The Kovach OBV is...

quantguy

Stocks have gained some steam as the markets are graadually digesting the Fed and inflation. We have hit our price target of 4729, and broken above this level briefly to test the next level of resistance at 4763. We saw some red triangles on the KRI just below this level confirming that is an upper bound for now. We appear to be consolidating around 4729, which...

quantguy Updated 

Litecoin has regained the $130's after selling off and testing $120. We were wavering in the $120's after getting swiftly bought back, but have managed to edge back up to solidify the $130's for now. The Kovach OBV has picked up notably, but is starting to waiver, as the price levels off below $134. We are starting to see a bit of a buying candle pick up, but...

quantguy Updated 

Ethereum has edged up from lows after testing the $2K handle briefly, for the second time. We bottomed out just below our level at $2965. At this level, we saw an aggressive buyback but momentum waned quickly and we are currently ranging just above $3200, a psychological and technical level. The Kovach OBV is completely flat, despite the push back to the...

quantguy Updated 

Stocks have edged up after the markets are gradually digesting a more hawkish Fed. We have seen good support from 4580, and a strong pivot from that level, and have blasted up to regain the 4700 handle. Currently, we are testing 4729, the first level in the 4700 handle from below. A red triangle on the KRI is confirming some resistance there. We will need to...

quantguy Updated 

Bitcoin has edged up after testing lows, barely piercing into the $30K handle for the first time since 2021. This dip was quickly bought up, and we returned to the value area between $40K and $42K or so. Currently, we have edged up past the vacuum zone after $41.9K to test $43.1K from below. This is a very meager rally for Bitcoin, which in times of intense...

quantguy

Oil has blasted up from support in the high 70 handle to attain $80 again. We have risen past resistance at 80.00, and have already broken through several levels of resistance in the 80 handle. Currently, we are hovering around 81.63, just above the nearest level at 81.30. We are holding a narrow range, which is understandable after breaking through to the 80's...

quantguy

Litecoin dipped all the way down to our lower level at $120. This was swiftly bought back and we've since recovered the previous value area, breaking through $124 and hovering just under $130. The Kovach OBV has picked up quite a bit with the pivot off $120, but we aren't hopeful of a bull run just yet. Litecoin seems very content in the low $130's, and at the...

quantguy

Ethereum tested lower levels in the high $2K's yesterday, but these lower levels were swiftly bought back to value in the $3100's. This is the second time we have tested the $2K handle. Although the markets bought up ETH at these values, the fact that we've tested the $2K's twice, suggests we are becoming increasingly more comfortable with these levels. For...

quantguy

Bitcoin saw a substantial selloff yesterday, and broke through to the $30K handle briefly. This dip was immediately bought back, which could suggest a bottom to the bear market at least for now. Recall that prior selloffs were reluctant to get bought back and stabilized in their new price range. However this time, Bitcoin tested the $39K's before getting bought...

quantguy

Oil has slid from the 80's, dipping all the way to our level at 77.56, before recovering. We have made a run for $80 again, falling just short of this level confirmed by a red triangle on the KRI. We have felt out lows, at 77.56, and this might be the bottom of a new value area forming between 77.56 and 80.00. If so, expect oil to remain range-bound here. The...

quantguy

Stocks faced a steep selloff yesterday, sailing through the vacuum zone below the 4600's, to find support exactly at our level at 4580. From there, we caught a nice pivot back to value in the 4600's. This is a strong sign for bulls who were hoping to see a bottom in stocks soon. The fact that it was bought up so quickly, suggests we are trying to establish...

quantguy Updated 

Stocks are establishing value near lows. We saw a brief attempt at higher levels, notably 4729, but several red triangles on the KRI confirmed resistance there. Subsequently, we have pushed lower with 4668 as the next level to provide support. We are holding a narrow range at the the moment between this level and 4693. We appear to be forming a bear flag or...