quantguy

quantguy

Litecoin had a formidable rally last week, testing and rejecting $165 again. The level $165 seems to be a ceiling for LTC for now, as it has in the past. We've since retraced quite a bit from this level, smashing through support at our technical level at $158, which did little to slow the selloff. We are currently drifting in the $150's, and appear to be...

quantguy

Ethereum has steadily risen from $3680 or so, just above our technical level at $3646. We saw it steadily rise in a bull channel type pattern to regain the $4K handle. Ethereum seems to have established strong value in the low $4Ks, but it has dipped into the $3Ks several times within the past months, so we remain to see if we are out of the woods yet. If...

quantguy

Bitcoin finally saw a pump last week back to the low $50K's. The Kovach OBV registered bullish as the buying continued in a zig-zag pattern from lows at $45.4K. However, we do appear to be facing serious resistance at the psychologically significant $50K handle, in particular $50.8K. There is a wide vacuum zone to $52.8K, our next target and the next technical...

quantguy

Stocks rallied all last week, in the proverbial 'Santa Claus Rally'. The S&P 500 bottomed out at lows at 4545, and spanned almost two full handles since then. Currently, we are ranging just below highs. The Kovach OBV has completely flattened. The fact that we are near highs, have little momentum, are close to the end of the year, and are still grappling with...

quantguy

Gold has rallied from the high 1700's, into the value area between 1795 and 1815. We are seeing a great deal of resistance at 1815, as identified by a series of red triangles on the KRI. If we are unable to test 1815 again, we are almost sure to test 1795 again. The Kovach OBV has flattened out, suggesting momentum in the rally has petered out for now. 1795...

quantguy

The US dollar has sold off as central bank news has deliquesced into the markets. We gave up hopes for 97, and receded from the 96 handle. We found good support at 95.82, which is the level we have identified every report for weeks as a min lower bound. The DXY seems to be finding good support from here, with two attempts at this level catching a bounce with...

quantguy

Oil has trekked downward from its rally yesterday. The rally was paltry with respect to what oil has been able to muster with proper buying momentum. We are still largely in a broad sideways corrective phase. The level 72.99 appeared to be a top for oil, as we identified yesterday. Currently, we are stabilizing around support in roughly the middle of the...

quantguy

Bonds have picked up as stocks have sold off due to increased risk sentiment. We have edged up to 131'02, the technical level we discussed yesterday. The Kovach OBV has picked up significantly, but is starting to level off as ZN finds value in the low 131 handle. We are gradually trekking up in a zig zag pattern, but will face resistance at the next technical...

quantguy

Litecoin sold off with the rest of the crypto market, giving up the $150's and finding support exactly where we anticipated, at $147. It does look like we are finding support at current levels, but if not, $141 is the next level down. The Kovach OBV has dropped notably, but is somewhat flat, which may suggest that value could start to form soon. We anticipate...

quantguy

Ethereum has sold off from relative highs just above our level at $4020. It did seem like ETH was making a concerted effort to cross the vacuum zone to $4258, but several red triangles on the KRI marked resistance. From here, ETH tumbled giving up the $4K handle entirely, and finding value in the $3K's, currently finding support at $3861, the first major level...

quantguy

Bitcoin has sold off from the relative highs it saw from the Fed rally. We wavered just below $49.7K, where we voiced skepticism at higher levels yesterday. A red triangle on the KRI suggested strong resistance just under this level. From there we retraced almost the entire move, finding support just above our level at $46.2K. We should see support at $46.2K...

quantguy

Stocks have sold off hard, as we warned yesterday. This is a typical risk as stocks had just barely eeked out highs, and more momentum was necessary to sustain the rally. We have retraced significantly, but still within our projections from yesterday. The S&P 500 has given up the 4700 handle, and is currently seeing support from a cluster of levels in the mid...

quantguy

Gold has soared past our levels, breaking 1795 with ease. This suggests strong safe haven buying, that has blasted us into the value area between 1795 and 1815. The Kovach OBV has picked up tremendously, but we will see if the rally can continue, or if we will retreat to the value area we've established in the 1780's. After such a tremendous ascent, gold is...

quantguy

Litecoin saw a nice lift from the FOMC meeting, along with the rest of the crypto market. But this rally was paltry with respect to some of the other cryptos, and the $160's still remain a barrier. We have regained value in the $150's, currently in the vacuum zone between $147 and $158. The Kovach OBV has dipped sharply, but has stabilized since, suggesting we...

quantguy

Ethereum got a huge lift from the FOMC statement yesterday. We rallied from lows at $3646, finding support at our level exactly. We've since regained the $4K handle, if but barely. We appear to be hanging on by a thread at support at $4020. Two red triangles on the KRI suggest resistance here. The Kovach OBV has turned sharply bullish, but is leveling off...

quantguy

Bitcoin rallied off the FOMC statement yesterday which was a first for crypto, and confirms the maturity of this product. Larger institutional investment and the influence of derivatives on the crypto market are the likely reasons for this rally, which demonstrate that macro events effecting traditional market instruments like stocks, bonds, forex, etc. are now...

quantguy

The US dollar index soared with the FOMC statement yesterday, but has since cooled off, feeling out lower levels. We seem to have broken through a trendline connecting lows on this lower bound, but appear to have found support at 96.24, the lowest technical level in the 96 handle, and intersection of our trendline. We should have strong support from 96.24, but...

quantguy

Gold dipped sharply finding support exactly at our levels. First, we saw support at 1759, then the lower wick of the selloff on the 30 min chart touched 1753 exactly, before a massive bid took us back to the 1780's. As anticipated, 1795 remains the max upper bound for gold, and we are currently finding resistance at the level just under this at 1789. We are...