quantguy

quantguy

Stocks have edged lower. We have broken through 3758 which we anticipated as a strong support level. We are getting intermediary support from 3714, confirmed by green triangles on the KRI. The Kovach OBV has slumped, but does appear to be rounding off as the S&P 500 finds supprt. If we dig deeper, 3627 will provide further support. If we are able to pivot,...

quantguy

Litecoin has rallied tremendously, breaking through to the $60 handle. It had been meandering around in the $50's for months. A few attempts at the $60's were quickly thwarted, however, and we will see if Litecoin can hold these higher levels. The Moneygram news seems to be what spurred this rally. Adoption is one of the most important aspects for this coin...

quantguy

Ethereum has retraced from highs at $1653 to support at $1547. Support caved with the FOMC yesterday, but the price equilibrated just under $1547. At the time of this writing, we are just under this level, which appears to be providing resistance. If crypto can shrug off the Fed, we could make another run for $1653. After that, we will see formidable...

quantguy

Bitcoin has edged downward as hopes of a more dovish Fed were smacked down by the FOMC yesterday, which indicated further tightening is necessary. We have rejected $20.7K for now, but are meandering in the vacuum zone between this level and support below at $20K. The next target for support should be $19.5K. If this is just a pull back into a broader up-trend,...

quantguy

The US dollar benefited from a hawkish FOMC yesterday. The DXY was able to punch through resistance at 111.37 and 111.66. We seem to have solidified the 112's, at least for the moment, but a red triangle on the KRI is confirming resistance around 112.80, a bit shy of our next target at 113.38. This level will provide resistance, and it does not seem like we...

quantguy

Reality crashed the party with stocks yesterday, as we have been predicting here. The FOMC event was still quite hawkish despite the market's anticipation that we would see some softening in rhetoric. This caused stocks to tank yesterday, with the S&P 500 falling through multiple levels to find support at 3758. European equities have softened which could...

quantguy

Litecoin has spiked dramatically with over a 10% move taking us up to the $60's. We reached our profit target almost to the cent, at $61.75. A red triangle on the KRI confirmed resistance there, and we are currently experiencing a bit of a pullback, retracing just below $60 at the time of this writing. At present, the only justification for this move seems to...

quantguy

Ethereum has steadily edged downwards after reaching a significant high and profit target of $1653. We retraced gradually from there, but are still finding support at $1547, as anticipated here, with green triangles on the KRI indicating support. The Kovach OBV is steadily trending downward, so unless ETH can get a strong bid, we are at risk of retracing the...

quantguy

Bitcoin has declined steadily from $20.7K. We appear to be forming a descending wedge pattern at the moment, but broader scale, this could be part of a bull flag. The Kovach OBV is relatively flat, so unless more momentum can come through, we will likely range at current levels at best. There is a vacuum zone below to $20K, then $19.5K, and a retracement could...

quantguy

Oil has edged higher towards the $90's. We still haven't quite been able to break that threshold just yet, with a rejection just now at the time of this writing just below our level at $90.06. We are seeing red triangles on the KRI at this level. The Kovach OBV has picked up, so we will see if momentum can break us into the $90's, but so far $90.06 is a...

quantguy

Stock indexes have pulled back from highs with stronger than expected construction and PMI data putting a damper on the markets' hopes that the Fed will taper their hawkish stance. These hopes were never really justified in the first place, so it was only a matter of time before reality set in. The S&P 500 inched above our level at 3909 and then fell back to...

quantguy

Oil found support at $85.55 exactly as we had expected. We saw a nice pivot after that, which took us back near the $90's. We came just shy of our target at $90.06, where a red triangle on the KRI has confirmed resistance. The Kovach OBV is relatively flat and we will need more momentum to come through for us to be able to solidly break into the $90's. If we...

quantguy

Litecoin has pulled back from our level at $55.84, but is holding the $55's. We appear to be forming a large bull flag, and if momentum can continue, we may be able to break out. But we need to see more buying interest in the crypto market in general. It is likely we will continue to range here a bit and establish value. If we retrace, the low $50's should...

quantguy

Ethereum has pulled back from highs at $1653 or so. Multiple red triangles on the KRI suggest strong resistance here. We are seeing good support from $1547, which suggests that we are likely to range between these two values before another possible breakout. Such a breakout could take us to the $1700's where we will immediately see resistance from a cluster of...

quantguy

Bitcoin has retraced a bit from highs around our level at $20.6K. Attempts to break higher have been rejected, and many red triangles on the KRI seem to indicate that $21K is a ceiling. We do appear to be forming a bull flag pattern, which will require some momentum follow through to break out. If not, we are likely to cross the vacuum zone down to support at...

quantguy

Stocks have crept up, after rejecting highs at 3909. We had a brief retracement yesterday, which quickly found support and the S&P 500 was able to tick up past 3909, making a new relative high albeit barely. Several red triangles on the KRI suggest that we are running into stiff resistance at these levels. The Kovach OBV has slumped, so we will see if we have...

quantguy

Strength in the crypto market has permeated Litecoin, lifting it from the low $50's to our target of $55.84. We are currently hovering around this level, with some attempts at higher levels thwarted. We do appear to be in the midst of forming a bull flag pattern with an apex about $55.84, so we will see if we have enough in the tank for a breakout to the $60's. ...

quantguy

Ethereum has shown considerable strength, dominating the crypto market as it edges higher. We keep making higher highs and solidifying new upside targets. We have crossed through the vacuum zone to $1547, breaking that with ease. Then we were able to swiftly hit our next target at $1653. Red triangles on the KRI are confirming resistance here and we are...