quantguy

quantguy

Gold has made a run for lower levels, breaking 1777, or support level from yesterday. We are seeing support form at the next level down, at 1770, however, confirmed by a green triangle on the KRI. Should 1770 not hold, then 1759 will be the next target. The Kovach OBV is still pretty flat, so we aren't expecting any sudden bull rally of significance, at least...

quantguy

Bonds have continued their slow decline trough support at 130'07 and are hovering just above 130'00. We are starting to see support form in the middle of the vacuum zone between these two levels, confirmed by two green triangles forming on the KRI. Both Kovach momentum indicators have dropped precipitously, which might indicate that we are staring to become...

quantguy

Litecoin has trended down with the malaise in the crypto market. We have seen a slow and steady decline in this unfortunate coin with a persistent selloff that has brought us from relative highs in the $160's, down to support in the $150's. We are currently encountering support just above our level at $147, where LTC stubbornly refused to give up the $150...

quantguy

Ethereum has retraed to $4020, as we anticipated. Relative highs at $4450 seemed just too top heavy for ETH to sustain, and we quickly declined from there, in a slow but steady selloff. Support levels below $4450 did little to stop the bleeding, but $4K seems to be holding strong. We are seeing two green triangles on the KRI at $4020, confirming the support. ...

quantguy

Bitcoin has broken through the support our trendline has been providing since the beginning of this month. We saw support at $47.4K, which is a strong technical level that has provided support prior. We are seeing several green triangles on the KRI to confirm support here. The Kovach OBV has dropped off significantly, but is drifting slightly upwards,...

quantguy

Stocks have been subtly trending downward after topping off just under highs at 4729. The 4700 handle did not hold very long and we quickly declined back to comfort in the 4600 handle. We are currently seeing support at 4668, and have a long way to go to retrace this rally, should momentum peter out. The Kovach OBV has flattened as we await CPI data. Watch out...

quantguy Updated 

Gold has stabilized after rejecting higher levels, as anticipated. As we mentioned yesterday, 1795 was just too large of an obstacle for gold, and it retreated to value in the 1780's, where a cluster of levels is catching the price action like fly paper. We anticipate the broad range between 1777 and 1795 to hold for now. Volatility has narrowed considerably...

quantguy Updated 

Litecoin is continuing its narrow range, finding strong support at $158 as confirmed by many green triangles on the KRI. We have rejected $169, and this appears to be an upper bound of the range for now. The Kovach OBV has turned sharply south, suggesting a bear divergence, which has been observed in other cryptos like Bitcoin as well. There is a vacuum zone...

quantguy Updated 

Bitcoin is continuing to range between $48.2K and $50.8K. We are seeing a slight bearish trajectory here, and the Kovach OBV is arching downwards confirming it. From a broader perspective we are in a slight uptrend, getting support from a trendline andchored at lows at $45K. The technicals overall seem bearish. That rally from the selloff on December 4th seems...

quantguy

Ethereum has maintained the narrow range between $4258 and $4450. A red triangle on the KRI evidences the sharp resistance we met at $4450, yet green triangles on the KRI are suggesting strong support at $4258. This could suggest a mean reversion strategy might be a good idea, however keep in mind that the longer ETH ranges, the more likely it is that it will...

quantguy

We discussed yesterday how the DXY was forming a bull channel, and was likely to break down to the 50% Fibonacci retracement of the channel length. That is exactly what we saw, and we smashed through our profit target at 96.04 (which coincided nicely with the psychological level 96.00). The 96's did little to provide support and we ended up finding support at...

quantguy

Stocks seemed to have topped off just below highs. Persistent risks like the impending Evergrande default, Fed tapering, and Omicron seem to be completely shrugged off. However we do appear to be in a sideways correction between 4668 and 4729. We are seeing both green and red triangles on the KRI corresponding to the upper and lower bounds of this range and...

quantguy

Litecoin has pressed higher, testing a relative high at $165. we were able to break it just barely but faced prohibitive resistance with $169. Several red triangles on the KRI suggested that these levels in the $160's were a bit too top heavy for Litecoin. Currently we are finding support at $158, confirmed by a green triangle on the KRI. If we break this...

quantguy

Ethereum has run into resistance at $4450. We have seen several red triangles on the KRI, at $4450 and the next level below $4341. These are a bad omen for ETH, which seems to be hanging on by a thread at the next level below, $4258. We are likely to break down from here, but if not $4450 remains the next target above to break. Watch out, because there is a...

quantguy

Bitcoin has faced resistance in the low $50K's. We saw five red triangles on the KRI which should have been an omen to readers with access to this indicator that we would see a retracement. Sure enough, BTC took a sharp dip lower to comfort in the $40K's. We are currently seeking support in the $49K handle between our level at $48.2K and $49.7K. This is...

quantguy

Stocks have rallied for two straight days, breaking through several levels of resistance. We have spanned almost two handles, from 4500 to 4600, and are facing resistance just below 4700. In particular, we are starting to see the price action round off around resistance at 4693. The Kovach OBV has turned up notably, but appears to be rounding off with the price...

quantguy

Gold has broken through to higher levels, punching through the resistance in the 1780's and edging toward 1795. We are starting to see some red triangles form on the KRI suggesting we are encountering some resistance here. Unless some serious momentum comes through, 1795 should provide prohibitive resistance. The Kovach OBV has tapered upwards but does not seem...

quantguy

Litecoin has attempted a meager rally, which brought us back to the mid $100 handle. We appear to be facing resistance at $165, which is a relative high. Though we could be seeing the beginnings of a bull wedge pattern, in anticipation of a bull breakout, the Kovach OBV is still very paltry, so we are not seeing the bull divergence we would normally expect. But...