quantguy

quantguy Updated 

Over the weekend, Litecoin gave up the $130's to test our lower level at $124. We saw some green triangles on the KRI here to confirm support from this level. Subsequently, we got bought back up to $130, and appear to be hanging onto this level by a thread. It looks like we may be forming a bear wedge or other consolidation pattern as Litecoin decides its next...

quantguy Updated 

Ethereum tested $3K this weekend, but has drifted back up to the $3100's. A red triangle on the KRI at $3200, suggests that this level is an upper bound for now. Since then, we have pressed lower, and may be seeing the beginning of another dump at the time of this writing. We have currently edged lower from resistance at $3200 and $3148 into the vacuum zone...

quantguy Updated 

Bitcoin pressed lower of the weekend establishing new relative lows at $40.5K or so. We have since edged up to regain the $41K's, but we did not see the buyback we would expect if investors considered these lower levels 'bargain' prices. We made it as high as $42.8K or so, but were unable to even test the next level at $43.1K. At the time of this writing, we...

quantguy

Oil has hit $80 again recently, but a red triangle on the KRI suggests that we have topped out at 80.70 for now. Since then, we have retraced to find support at 78.90. There is a vacuum zone after this level to the upper bound of the range we once held at 77.56. However, if 78.90 holds, then we could easily see highs again. It appears that oil may feel out its...

quantguy

The DXY has continued to hold the range between 96.00 and 96.44, currently hovering just below our level at 96.24. We appear to be forming a bull flag pattern, but are otherwise consolidating which could suggest a breakout soon. If we break out, then we must definitively break 96.44 to consider another bull rally. There are several levels in the mid 96's to...

quantguy

Oil has blasted back to the 80's, one of the only asset classes in our reports that is showing some strong bull conviction. We rejected 78.90 and returned to the range that we were holding in the 77's briefly, before getting a boost back through 78.90, to claim the 80 handle once more. Currently, we are seeing the price potentially top out for now, with two red...

quantguy

Bonds have stabilized at lows, and have started to form a range, as we suggested yesterday. We have started to find value just above 128'10, and below 128'24, the exact range we identified in the last report. After plummeting two full handles since the beginning of 2022 it was time for ZN to reach some sort of equilibrium before its next move. From here we...

quantguy

Litecoin dumped from the $130's down to $124, with a green triangle on the KRI to confirm support just above this level. We got a sharp pivot back to the $130's, and as of this writing, are hovering between $130 and $134. The buying stopped abruptly at current levels, and we can henceforth expect prices to hold the current range, but the lack of buying interest...

quantguy

Ethereum has sold off further with the rest of the crypto market. Last night, it dropped to $3200, our exact target from yesterday. We did see some support there from green triangles on the KRI but did not see the sharp buyback that one would expect from an 'absolute low'. This suggests that perhaps the bleeding has not stopped and we may press further into the...

quantguy

Bitcoin has continued to sell off, reaching lows at around $40K exactly as we anticipated. If this does does not hold then we are clear to test the $30K's with $38.2K as a target level. This is derived from Fibonacci levels on our longer term outlook on the daily chart. This is a significant level, as the next major Fibonacci level down from here is at $29K. ...

quantguy

Stocks are ranging at lows, after crashing down to the 4700's from highs in the 4800's. Sharp choppy trading established the current range between 4668 and 4729. Long wicks have tested the lows of this range, and the upper wicks seemed to make and attempt to break out, but a cluster of red triangles on the KRI has confirmed steep resistance at 4729. The Kovach...

quantguy

Gold has plummeted past our support level at 1795. We saw a brief attempt yesterday morning to make a pivot off of this level into the value area between 1795 and 1815, but this was swiftly sold back, and 1795 provided little support. However, the levels in the 1780's that we identified yesterday held well and we found support just above 1784. Currently, we are...

quantguy

Litecoin has smashed through the range it was holding in the $140-$150's. We met support at $130, the next level below $134, the level we have been identifying here in the reports all week. We do appear to be equilibrating around $134, which is perhaps the next value area in LTC. If we do slip further. If the $130's don't hold, $124 is the next target below. ...

quantguy

Ethereum has tumbled into the low $3K handle, giving up hopes that we could break out from a bull wedge pattern and test $4K's again. We have sliced through all of our levels in the mid $3K's, but appear to be finding support at $3324, confirmed by a green triangle on the KRI. If so, anticipate Eth to form value in this new price territory, with $3414 and $3473...

quantguy

Bitcoin has tumbled lower, as hawkish fed minutes permeate all markets. Before, Bitcoin traders did not have to worry about the Federal Reserve or know what 'hawkish' and 'dovish' mean, but with institutional holdings increasing, the influence of the Fed, is now a reality as we have seen twice lately. Bitcoin has smashed through our lower levels, finding support...

quantguy

Stocks have taken a sharp dip downward on hawkish fed minutes. We have blasted through 4729, but have found support around 4700, after testing the next level down at 4693. Dedicated readers should have been prepared for these levels. The Kovach OBV has dipped sharply, but does appear to be bottoming out, suggesting that we may be attempting to establish value...

quantguy

Gold has traversed the vacuum zone below and tested 1795 yet again, exactly as we have anticipated. From here, we got a nice pivot, and are currently in the middle of the value area between 1795 and 1815. From here it could go either way, but safe haven outflows may suggest we test lows again at 1795, the cluster of levels in the 1780's or 1777. The Kovach OBV...

quantguy Updated 

The S&P 500 has been holding a very narrow range between 4763 and 4821. We have been holding this range all of 2022, and into the tail end of 2021. The lack of interest in stocks to make new highs again suggests that we may dip further, finding support at 4729 or 4693. The Kovach OBV is still hugging highs, but does appear to be wavering, perhaps suggesting a...