quantguy

quantguy

As expected, the DXY has leveled off. The fundamentals are still strong for the dollar but it seems its meteoric rally has taken a breather, and we are estabishing value at current levels. The level 113.48 seems to be an upper bound for now. If we break through that, then the next level is the high at 114.54 which we will need to break before considering new...

quantguy

Stocks appear to have bottomed out at 3584, with support confirmed by green triangles on the KRI. As predicted, we made an attempt for higher levels, but two levels at 3617 and 3624 are providing tough resistance. This is exactly what we predicted yesterday. If we are able to break through the next area of resistance is likely 3676. Risk sentiment is still...

quantguy

Litecoin has slid from the highs of the range, testing support at relative lows. This range has held solid since mid-September, so we anticipate to continue to hold. We have strong support from $51.92 and $50.64. If support holds at these levels, we should see a pivot back to $55.84, where we are sure to see more resistance. However, a sharp selloff could...

quantguy

Ethereum has weakened with the rest of the crypto market, establishing support around $1280 or so. Support is confirmed by green triangles on the KRI, and we have added $1288 as a new technical level, as we have seen support there over the past month. If support breaks then $1235 is the next level down, and we should see further support there. If we attempt a...

quantguy

Bitcoin has continued to establish weakness, breaking through our level at $19.5K. We are currently finding support at $19.0K, confirmed by green triangles on the KRI. We have added this as a new technical level on the chart. The Kovach OBV shows little signs of life, and if we break down from here, then $18.6K is the next target. We feel BTC needs to bottom...

quantguy

The S&P 500 has completely retraced the small rally we saw at the beginning of October as sobering reality smacks down hopeful exhuberance. The markets are pricing in more hawkish rhetoric, and bracing for CPI on Friday. We made a valiant attempt to hit 3800, but quickly rejected the move all the way back to lows at 3584. We are seeing some support from green...

quantguy

Gold has retraced significantly from the $1700's. It appeared that we were ready to solidify this handle, however we faced a massive selloff with the rest of the risk-off assets, as the markets price in sobering data and a hawish Fed. We have broken through $1700 and our first two support levels in the upper $1600's at $1692 and $1683. We are currently finding...

quantguy

Litecoin has gained traction, tending toward our upper target of $55.84. The price seems to be equilibrating just below this level, with a possible bull pennant pattern forming. It is not likely that we will see much momentum come through as risk-on markets remained inhibited by higher weekly unemployment and a hawkish Fed. But if so, $55.84 is likely to...

quantguy

Ethereum has trekked higher, breaking through $1341. We are starting to see increased resistance above this level confirmed by multiple red triangles on the KRI. The Kovach OBV is edging up, but we don't expect much momentum to come through today on account of higher weekly unemployment and hawkish Fed-speak. Current levels are likely to hold, but if not, we...

quantguy

Bitcoin is facing resistance around $20.4K, with several red triangles on the KRI to serve as confirmation around this level. This follows a higher than expected weekly unemployment figures and statements from the Fed that their rate hike outlook will remain hawkish. The Kovach OBV has wavered a bit suggesting we will need more momentum to come through to hit...

quantguy

The DXY has pivoted off lows at 110.20 and blasted through the next target of 111.37. We appear to be making our way back to the 112's following Fed statements to the effect that the persistently hawkish stance is here to stay for a bit longer than the markets have been pricing in lately. Watch the DXY to maintain value around 111.37's and potentially find...

quantguy

Stocks have wavered as the markets digest higher weekly unemployment rates and new statements from the Fed. The Fed remains unconvinced at how effective the 'Inflation Reduction Act' will be and Kashkari has stated that the Fed has 'more work to do' to bring down inflation. The S&P 500 has topped out at 3810 with multiple red triangles confirming resistance. ...

quantguy

Litecoin edged higher, hitting our level of $55.84, then immediately turning south, as expected and voiced here in these reports. We anticipate Litecoin to continue to hold this range in the low to mid $50's. Anticipate a floor of $51.92 or $50.64. We are not likely to break through $55.84 but if we do, the next target is $61.75.

quantguy

Ethereum is currently running into resistance with $1341 giving it some issues. We are seeing red triangles on the KRI confirming resistance just above this level. If we can somehow find a burst of momentum, then $1424 is the next target, otherwise, $1341 should continue to provide support with $1235 a likely floor for now.

quantguy

Bitcoin has gained some steam but appears to have topped out in the low $20K's. We are seeing red triangles build confirming resistance. We could not even hit our next target at $20.7K, which is a sign of weakness for BTC. This remains a target to the upside. If we retrace, which is highly likely, we should see support at $20K, then $19.5K, with a floor of $18.6K.

quantguy

The US dollar slid further, but has found support. Exactly as we discussed yesterday, we have broken through 111.37, and have found support exactly at our level at 110.20, confirmed by a green triangle on the KRI. we are currently seeing support here, as the indicator suggests, with a pivot higher back just below 111.37. Unless more hawkish Fed news comes...

quantguy

As mentioned in our report yesterday, stocks have edged higher but are facing resistance at 3792. A red triangle on the KRI confirms resistance here. We are seeing support at 3749, after the pullback. The Kovach OBV has gained strength but has receded. If we can see another burst of momentum, we may make a run for the 3800's. If not, expect further support at 3714.

quantguy

Litecoin pivoted off lows with $51.92 providing support, as anticipated. We made a run for higher levels, with an upside target of $55.84, but have run out of steam just below this level. Several red triangles on the KRI seem to indicate that LTC is running into resistance. If are able to continue the rally then $55.84 is sure to provide resistance. We are...