quantguy

quantguy

Oil has continued its corrective pattern as we have fallen from the $90's, back deep into the mid $80's. The corrective impulse took us back to $85.55, which dedicated readers will remember is a strong support level. We have seen green triangles on the KRI to confirm support every time this level has been tested. The Kovach OBV has flattened, suggesting we will...

quantguy

The S&P 500 has found support at 3584 after the CPI dip tested the base of the 3500 handle. We have since solidly recovered the 3500's, with a strong burst of momentum breaking through to 3714, where a red triangle on the KRI confirmed resistance. We then fell back to support at 3584, and are currently seeing an attempt at a pivot. We identified 3617 and 3624...

quantguy

Litecoin tumbled through our support levels at the base of the $50 handle, testing $49, before a swift buy-back clawed back the $50 handle. We broke through our level at $50.64 and are currently testing $51.92. It appears as though we may recover the range it has been holding for the past month, between $51.92 and $55.84. We will need more momentum to come...

quantguy

Ethereum dipped deep into the $1100's after US CPI indicated yet again that inflation remains high, beating expectations. The dip was swiftly bought back, and we recovered the $1200's almost immediately, breaking through our level at $1235. Currently, appear to be making a run for the high $1300's with $1341 a barrier for now. Readers should have been prepared...

quantguy

Bitcoin sold off sharply after US CPI showed that inflation was yet again hotter than expected. This confirms the Fed's rate hike trajectory, which some were hoping would pivot after signs of inflation cooling. Initially, Bitcoin sold off hard with the news, breaking through our level at $18.6K. But soon after the selloff, Bitcoin pivoted and recovered the...

quantguy

The US dollar has been a bit volatile after US CPI and Retail Sales data. We initially rallied a bit, breaking through 113.38, but sharply retraced back to support in the mid 112's. We appear to be equilibrating in this range, continuing the sideways correction, we anticipated earlier this month. We are in a fairly wide range, with the lower bound at 111.37 and...

quantguy

Oil has been maintaining the range between $85.55 and $90.06. We anticipated a dip to $85.55 and support there, which was validated with this dip. However, oil appears to be continuing a sideways corrective pattern, as it establishes value just below the $90's. We anticipate higher oil prices, as no fundamentals indicate otherwise for now. But we must first...

quantguy

Stocks took a sharp dive after yet another hotter than expected CPI print. We tested 3500, then dip-buyers came in and we subsequently pivoted back to recover the 3600's. More momentum followed and we are currently testing our target highs at 3714. Stocks still look strong despite another flaccid data point in retail sales, which came in relatively weak. If we...

quantguy

Gold has broken down from $1670, finding support at $1658 before equilibrating after the hotter than expect CPI data. Support was confirmed by a green triangle and we were able to recover, testing $1658 one more time before tending toward $1670 again. The Kovach OBV is pretty flat, suggesting we may waver around current levels before we see another significant...

quantguy

Bonds took a dive to break lows and hit our target of 110'05. A green triangle on the KRI confirmed support and we immediately the dip was immediately bought back, and we recovered the range between 110'27 and 111'26. We are currently hugging the upper bound of this range. The move followed yet another hotter than expected CPI print and a slump in retail sales....

quantguy

Litecoin has slipped from support at $51.92, which has provided support all month. We are currently testing $50.64, which is a level we have mentioned many times here in these reports, and one dedicated readers should remember. This is our expectation for a lower bound, and if this does not hold the next support level is $45.48, deep in the $40 handle. If we...

quantguy

Ethereum is wavering about $1288, holding a narrow range as are most cryptos as we await for CPI figures today at 8:30AM EST. The Kovach OBV has picked up slightly but the markets are likely to remain quiet before this release. There is a vacuum zone below to $1235, where we will find support if we sell off. If we are able to break out, then $1341 is the next target.

quantguy

Bitcoin is looking weak, but is holding strong around $19.0K exactly. We have been holding a narrow range around this level all week, with green and red triangles on the KRI around the highs and lows of range, respectively, to provide confirmation of consolidation of volatility. The entire markets are hinging on this CPI print, and crypto is no different. If...

quantguy

Oil has fallen but is finding support in the high $80's. The level $87.21 seems to be providing good support, with two green triangles on the KRI serving as confirmation. The Kovach OBV confirmed a strong rally that took us back to the $90's, just shy of $94. Two attempts to break higher formed a double top which suggested an inability to make new highs and...

quantguy

Stocks remain subdued, with the S&P 500 maintaining a narrow range all week and hugging lows. The APAC session suggests that the markets are bracing for another extremely hot CPI figure, which some are saying could still be in the 8% range. A hot figure would confirm the Fed's hawkish stance and stymie hopes of a pivot to more dovish rhetoric. The Kovach OBV is...

quantguy

Litecoin has found support at the lower bound of the range, with $51.92 holding nicely. We should anticipate further support at $50.64 if things turn south, but these two levels have provided consistent support over the past month, so we do not LTC falling much further. If so, there is a vacuum zone to the mid $40's. The level $55.84 should hold as the upper...

quantguy

Ethereum saw meager support and the price action has trended upward slightly. Our new level at $1280 has held nicely, but the range has consolidated immensely, and there is very little momentum in the markets. If we are somehow able to catch a bid then $1341 is the next target, with $1424 an absolute ceiling for now. We feel we may need to retest $1235, if not...

quantguy

Bitcoin has tested $19K, edging below it and finding support before the next level at $18.6K. We are encountering resistance again, immediately above $19K, and it is unlikely we will get the momentum to seek higher values, but if so, then $19.5K is the next target. If we are somehow able to surpass this level, then $20K is will surely provide resistance. It is...