quantguy

quantguy

The US dollar has pushed higher due to fears of a hawkish Fed and inflation. Fears of a rate rise should drive the bull rally. We have pressed higher in the 96 handle, but are facing resistance in the mid 96 handle at 96.56. Immediately after that is another resistance level at 96.65. After that, we have a vacuum zone to 97.03. The price action does appear to...

quantguy

Stocks made a run for highs with Fed Chair Jerome Powell's renomination yesterday. The S&P 500 briefly made new highs, but was quickly sold off, due to fears of a rate hike and a dimmer economic outlook in Europe. We have smashed through support at 4693, and are currently in the vacuum zone between 4649. The Kovach OBV is still pretty strong despite the...

quantguy

Litecoin appears to have bottomed out at $200. We saw a brief attempt to attain higher levels in the $200 handle, which stalled out at $227. We saw a red triangle on the KRI as LTC attempted to break out from this level, and the price was batted down back to support in the low $200's. We are currently seeing supoort at $209, but the Kovach OBV is very bearish...

quantguy

Ethereum made a run for $4450, an extremely auspicious level. However it did not seem to have the strength to break through, and two red triangles on the KRI suggested resistance there. We swiftly sold off to the low $4K handle, and are currently in the vacuum zone between $4020 and $4258. The Kovach OBV made a flaccid attempt at looking bullish, but has since...

quantguy

Bitcoin made a run to regain the $60K handle but has since been sold off back down to support in the high $50K's. We saw fierce resistane at $60K as anticipated, and confirmed by several red triangles on the KRI. We are currently finding support at $56.8K, and if this does not hold, we should see further support from $55.7K, a relative low. The Kovach OBV is...

quantguy

The US dollar has broken highs and tested our next level at 96.24, however it has since retraced after facing resistance here as identified by two red triangles on the KRI. We are holding the 96 handle, currently hovering around 96.00 exactly, at the time of this writing. If the DXY cannot hold the 96 handle, then 95.82 is the next level of support. There is a...

quantguy

Stocks are edging up to highs at 4729. We appear to be running into resistance in the low 4700's. We are currently seeing a red triangle on the KRI confirming the resistance at current levels at 4717. The Kovach OBV was rather flat, but has picked up recently. It will take some formidable momentum to break out of 4729, so watch for a selloff if we continue to...

quantguy

Gold has retreated from highs in the mid 1800's to support at 1836. This was a level we had been identifying for the past few reports. We are starting to see two green triangles forming confirming support. Gold had held the range between 1851 and 1876 for the past few days, and a breakout either way was imminent. The Kovach OBV has turned bearish, which was a...

quantguy Updated 

Litecoin has retraced further to the lowest levels of support in the $200 handle. We identified these in the last report, including $217, $209, and $202. The latter of these levels is where we are currently finding support. The Kovach OBV is solidly bearish, but we appear to be seeing a bit of a relief rally testing $217. Again, this appears to be but a relief...

quantguy Updated 

Ethereum continues to slide, but is stubbornly holding onto the $4K handle. We have tested our level at $4020 again, but have regained the $4100's, just below our next target at $4258. The Kovach OBV is still pretty bearish, but does appear to be picking up. We will need more momentum to come through in the crypto market to see ETH reach higher levels in the...

quantguy Updated 

Stocks have faced fierce resistance at highs, as we mentioned in the last report. Recall that we identified highs as a significant barrier to the S&P 500, and if significant momentum did not come through then we were likely to retrace. This is exactly what we are seeing now. However, we are seeing support at 4693, which we also highlighted in the last report. ...

quantguy Updated 

Bitcoin has continued to slide, cutting through support levels to the mid $50K's. We identified several support levels from below $60K, and we are finding support at these exact levels. In particular, $55.7K appears to be providing good support at the moment, however the Kovach OBV is still quite bearish. Targets below include $54.3K and $52.8K. We are...

quantguy

The US dollar found support in the mid 95 handle, just below our level at 95.85, before momentum came through taking us back to the 96 handle. We are currently flirting with highs thereabouts, and a red triangle on the KRI is confirming the resistance. 95.85 is the next level of support below, but if that does not hold, 95.26 should provide support. It will...

quantguy Updated 

Bitcoin has leveled off at support at $59.8K. It appears to be establishing value at lower levels in the $60K handle. We are forming a relatively tight range between $59.8K and $61.6K. The Kovach OBV is completely flat, and we will need to see more momentum come through either way before we make a move. The longer volatility consolidates, the higher the...

quantguy

Litecoin has retraced further into the $200 handle, finding support at $217. We are seeing some green triangles forming here on the KRI suggesting support. The Kovach OBV has fallen dramatically, and if the selloff continues, we should see support at $209 and $202. If we are able to muster the strength for a rally or relief rally, then $227, $242, and $251 are...

quantguy

Ethereum has stabilized in the low $4K handle. We found strong support from our level at $4020. We are currently hovering about the next level above at $4258. We do appear to have an inverse head and shoulders pattern forming with the neckline just above $4258. If we are able to breakout from here, then $4450 is the next target. The Kovach OBV is still quite...

quantguy

Stocks are maintaining the broad range we disucssed yesterday, although they have picked up slightly and are tending toward the upper bound. We will have resistance at highs, and are already seeing some red triangles forming on the KRI indicating some that we are currently facing some resistance. We do appear to have good support from 4693, but if this does not...

quantguy

Gold is ranging between 1851 and 1876. It is reasonable for gold to establish value in this range after the significant rally that took us to the 1800's from the mid 1700's. The Kovach OBV is rather flat, so we anticipate the ranging to continue until we see some momentum either way. 1876 should provide resistance, and 1851 should provide support until then. ...