quantguy

quantguy

Stocks showed weakness going into the FOMC meeting, but despite the hawkish outlook: tapering and 3 rate hikes in 2022. The markets have totally priced this in, and as a result stocks rallied to new highs. We anticipated stocks to rally for this reason, but the extent of the rally was formidable. We have punched through 4729, and are heading toward our next...

quantguy Updated 

The US dollar has edged upward, recovering from the selloff after it rejected 96.44. It was able to recover those losses and then some, hitting our next level at 96.56. We have since retraced a bit from this level but are finding good support at 96.44 again. We are currently holding the very narrow range in between these levels. From here, we will need to wait...

quantguy Updated 

Stocks dipped further into negative territory as we antipated yesterday. The S&P 500 briefly dipped into the vacuum zone we identified between 4632 and 4580, but it was able to recover quickly, and is currently clinging to support at 4632. We are seeing several green triangles on the KRI, suggesting support is forming. We anticipate stocks to range a bit before...

quantguy Updated 

Bitcoin saw a meager rally yesterday after finding support at $46.2K. What many thought was a pump, was a typical relief rally off low liquidity, that simply brought us back to our level at $48.2K. A proper rally should have at least tested the $50K handle. Bitcoin does look persistently weak, with choppy low liquidity trading continuing to plague the market. ...

quantguy Updated 

Ethereum is trending up from lows at $3646, but it appears to be running into resistance at our level at $3861. It seems we are still unable to reclaim the $4K handle, and may continue this way into 2022. We are seeing a bull divergence with the Kovach OBV, which is trending up steadily, and a bull wedge pattern forming with the uupper bound at $3861. This...

quantguy Updated 

Litecoin trended upward from support at $141. We were even able to break through $147 and at least reclaim the $150's. Currently we are in the vacuum zone between $147 and $158. We are starting to see some red triangles form on the KRI, which suggests that we are starting to see resistance here. The price action does look weak, but the Kovach OBV is trending...

quantguy

Litecoin sold off with the rest of the crypto market, following its 'big brother' Bitcoin. This was to be expected with choppy, low liquidity trading, general ambivalence, and failure to even attempt to make new relative highs. We alerted you as to the support levels below, so you should have been prepared. We are currently seeing support from $141, as...

quantguy

Ethereum dumped from just below our level in the $4200's, just above our level of support at $3646. We have given up the $4K handle, which we warned you about yesterday. ETH has tested the $3K handle three times this month, and we noted that the more comfortable it gets testing this level, the more comfortable it is breaking it. Previously, ETH was able to...

quantguy

Bitcoin slid further into negative territory yesterday, which came as somewhat of a suprise for many, but our readers should have been prepared. We have been alerting you about the weakness of each rally, and have been identifying downside targets for some time. The fact that BTC was consistently unable to break $50K in addition to the technical weakness (as...

quantguy

The US dollar attempted highs again, and inched above our level at 96.44 before sharply retracing, as predicted, through support at 96.24. We anticipated this lower level being tested again, and we sliced through it with ease. Currently, we are finding support well above our next level at 95.82. We are currently seeing a green triangle on the KRI confirming...

quantguy

Stocks took a sharp dive from highs as we predicted yesterday. We anticipated this because the S&P 500 was maintaining an extremely narrow range at highs, from which we would have required significant momentum to break out. We simply didn't see that, and the risk sentiment turned south later in the day, hence the selloff. We first saw support from 4668, then...

quantguy

Litecoin is maintaining a very narrow range, that we wrote about last week. It made a brief run for higher levels this weekend, but topped off in the vacuum zone between $158 and $165. Currently we are drifting in the range between $147 and $158. We really need some momentum to come through to break Litecoin's malaise. The Kovach OBV is pretty flat despite a...

quantguy

Ethereum broke down on Friday, punching through to the $3K handle before quickly recovering to the low $4K's. This is the third time this month we have broken through $4020. The more comfortable we are with these lower levels, the more likely ETH is to test the waters lower in the $3K handle. But for now, we seem very content at the psychological $4K level,...

quantguy

Bitcoin edged up over the weekend, but the rally was paltry with respect to what we can expect for a proper crypto pump. At $50.8K we are seeing strong resistance, and swiftly dumped from this level back to comfort in the high $40K handle. Although $48K seems to be providing support at the moment, the next level below $47.4K has provided strong support in the...

quantguy

The US dollar index has edged higher, but is facing resistance again from 96.44, the second level in the 96 handle. Red triangles on the KRI have confirmed resistance here at every attempt to break it. A cluster of levels above this in the high 96 handle should dampen any attempt to breakout higher, though there is a vacuum zone after them to 97.03. If we...

quantguy

Stocks have edged up to highs, hitting our exact level at 4729. The level 4668 provided good support on Friday's small retracement. The Kovach OBV is drifting higher, but this indicator seems weak with respect to the rally, and so we anticipate some resistance at these highs. If we do retrace then 4693 and 4668 should provide support. If we are able to break...

quantguy

The US dollar has gained some momentum following the selloff from our bull channel breakdown that brought us down to support at 95.82. We saw strong support here, and have rebounded to the 96 handle. Our first technical level in this handle at 96.24 provided some resistance, but we were able to break through it and are currently gunning for 96.44. A red...

quantguy

Oil has drifted further down, but has found support at 70.00, a psychological and technical level. We are finding some meager support here, and have started to drift back upwards. Oil is in a broad corrective phase from the rally we saw after the inverse head and shoulders breakout. The technicals are looking pretty stagnant for oil at the moment, with the...