quantguy

quantguy

Ethereum has rallied with the rest of the crypto markets as risk-on assets catch a bid from increased expectations that the Fed will pivot from their pervasively hawkish rhetoric. We are currently testing our level at $1341, with red triangles on the KRI indicating that we are meeting resistance. The Kovach OBV is still relatively flat, suggesting that a...

quantguy

Bitcoin rallied off of a bid in risk-on assets, as investors become hopeful that the Fed will pivot from their hawkish stance. Risk-on assets have rallied, and the sentiment has bled into the crypto markets, with Bitcoin breaking through $19.5K. We are meeting resistance at $20K, which is anticipated. If we are able to break through then we will meet immediate...

quantguy

The DXY retraced further after expectations of a Fed pivot have impacted yields. We are currently seeing support at a major level of 111.37, confirmed by a green triangle on the KRI. There is a vacuum zone below to 110.20 if this does not hold. After this wave of hope subsides, we are likely to pivot and reestablish the range between current levels of support and 113.

quantguy

The S&P 500 rallied off of increased confidence that the Fed will pivot their pervasively hawkish stance. This is likely to be transient and the market was due for a relief rally, anyway. We are currently testing a dense patch of levels in the 3740's, and will face significant resistance here. If we can break through, then 3792 is the next target. If we...

quantguy

Litecoin still remains bounded between $51.92 and $55.84, as we have mentioned many times. The price action has edged downward, but $51.92 is providing good support at the moment. If this breaks, then there is another level immediately below at $50.64, which should hold. if momentum comes through, then $55.84 is a likely ceiling, as it will take significant...

quantguy

Ethereum has edged lower with the rest of the crypto market. We have pulled back further and further from $1341, our support level above. Multiple red triangles on the KRI confirm resistance to the upside. We made a run deeper into the $1200's, but have found some meager support and are currently hugging the $1300. If we see more momentum come through, the...

quantguy

Bitcoin has been meandering between $18K and $19K, maintaining a very narrow range. The Kovach OBV has completely leveled off and is starting to turn downwards and the price wanes. This suggesets we will most likely maintain the range between $18.6K and $19.5K, unless some momentum comes through either way. Gloom in risk-on markets suggests another dump is...

quantguy

Oil has dipped into the $70's again, but has regained the $80's following reports that OPEC will cut production . We blasted through lower levels in the $80's, and are currently retesting $83.21, with a red triangle on the KRI confirming resistance. If momentum continues, we have several more levels to cross before our target of $85.55. Depending on how much...

quantguy

The S&P 500 has edged lower yet again, showing little buying interest even at these levels. The fourth quarter has just begun and all indications point to more gloom for stocks. We have broken our level at 3584, finding support just above the next level down at 3547. Multiple green triangles on the KRI are suggesting good support here at these levels, but the...

quantguy

Gold prices have lifted as risk-off assets rally. We have clawed our way back through the mid $1600's and have hit $1683. We appear to be encountering resistance here, which is to be expected as this is a major level. The Kovach OBV has risen, but has flatlined, indicating that we will need more momentum to properly break out. If so, $1692 is our next target,...

quantguy

Bonds appear to be gaining strength as yields relax and the US dollar pulls back hard. The Kovach OBV is edging up, but we have resistance confirmed by several red triangles on the KRI at current relative highs. We appear to be seeing a bull wedge forming, in an attempt to break through 113'00. If so, then 113'12 will be the next target. If not, we will find...

quantguy

Litecoin has been hovering in the low $50's, bounded between $51.92 and $55.84. We do appear to be seeing some momentum come through with a large green candle wicking up toward the upper bound of the range. We anticipate this to be short lived, but if we can keep up momentum, we are sure to encounter further resistance at $55.84. If not, then we will likely see...

quantguy

Ethereum has formed a bull wedge at $1341 and appears to be breaking out. We are wicking just above this level, but the Kovach momentum indicators have actually turned south suggesting this may be short lived. If we can keep the momentum going, then $1424 is the next target. It appears we are already running into resistance. If things turn south, expect...

quantguy

Bitcoin has established value in the mid $19K's and appears to be making an attempt to break out. At the time of this writing we are seeing a wick above $19.5K, a strong level of resistance and upper bound to the bull wedge BTC was forming. The Kovach OBV is incredibly bullish suggesting a divergence in price that is being realized at this moment. We are...

quantguy

The US dollar has fallen precipitously as other major currencies have taken their turn to rally. We rejected highs at 114.54, and have subsequently retraced through the entire vacuum zone back to support just above our level at 111.37. We are currently seeing a bit of a pivot here, and have regained the 112's. It is likely that after such dramatic moves, we...

quantguy

Oil has weakened with the price action rounding off at $83.21. We are currently seeing support at the base of the $80 handle with the level at $80.00 holding strong for now. We have several green triangles on the KRI confirming support. The Kovach OBV has dipped with the selloff, and we will need more momentum to come through in order to establish higher...

quantguy

Stocks look incredibly weak as persistent risk-off news and a hawkish Fed are impacting the markets. The S&P 500 is forming a bear wedge at 3617, and the Kovach OBV is bearish, and has flattened. We are long overdue for a relief rally, but we will need more momentum to come through before we see anything significant. If we break down further, then we should...

quantguy

Ethereum rose with other cryptos off of a strong pivot in risk-on assets and a selloff in the US dollar. This is likely to be temporary, so taking profits, if possible, is a good idea. If momentum continues, then $1424 is the next target. If we reject current levels, then $1235 is sure to provide support. If not, then there is a vacuum zone down to $1100.