quantguy

quantguy

Bitcoin is wavering around our upper bound, and target of $20.7K. We are really struggling to break through this level, with multiple attempts and many red triangles on the KRI confirming the resistance. However, with strength in stocks fueling a risk-on rally, we may be able to see a break out. We do appear to be forming a bull consolidation pattern, possibly...

quantguy

Oil has rejected the $90's, falling back to support at our level at $85.55. Recall that we anticipated support here in previous reports. Support is holding strong here for now, confirmed by green triangles on the KRI. The Kovach OBV has slumped, so we may need to wait for more momentum to come through before we can consider a pivot or another attempt at the...

quantguy

The S&P 500 has edged higher, after a brief retracement from 3887. We seemed to reject this level but found support just above our level at 3758. Dedicated readers will remember that we anticipated support here in previous reports. From there we pivoted nicely and broke through the previous high of 3887 to reach our target of 3909. The Kovach OBV is climbing...

quantguy

Litecoin has retraced to support in the low $50's, where we got a small pivot and a burst of momentum, that seems to have petered out before even testing our next level at $55.84. We are likely to continue to hold the range between this level and $51.92. A retracement should find support here or at $50.64.

quantguy

Ethereum retraced and then pivoted sharply as stocks have rallied despite the Amazon stumble. We are currently making another run for $1547, with a red triangle on the KRI indicating resistance. We have a wide gulf of a vacuum zone below to $1424, but if ETH retraces sharply, it is reasonable. If not, $1653 is the next target.

quantguy

Bitcoin has retraced, but has pivoted with stocks and we are seeing a renewed rally. We will see if we have the strength to test $20.7K again, but we are looking a bit weak. The Kovach OBV is still bearish and has not registered the pivot. If we are able to somehow breakout past $20.7K, then $22.4K is the next target. Othwerwise, expect support at $20K, $19.5K...

quantguy

The US dollar has crept up, pivoting off our level at 109.47. We have now encroached into the 110's, but have not quite made it to our level at 111.37. A red triangle on the KRI suggests that we are running into resistance. If we can keep pressing forward, 111.37 and 111.66 should provide resistance. If we retrace, then we should continue to see support in the 109's.

quantguy

As we have predicted, oil has made a run for $90. We came just shy of our level at $90.06, and have since retreated to the $87 handle. We appear to be finding support just above our level at $87.21. If this level caves, then $85.55 should provide support. The Kovach OBV is still quite strong so we will see if oil has enough in the tank for another run to $90.

quantguy

The S&P 500 has shrugged off Amazon losses, pivoting just above our level at 3758. Amazon has given up $trillion status as weak holiday spending as forecasts project the weakest holiday sales growth quarter ever. We will see if stocks can continue to rally, as a red triangle on the KRI is confirming resistance at current levels. The price action is rounding...

quantguy

Gold has dipped, as anticipated. We punched through $1658 and are heading for $1640. The Kovach OBV has turned sharply downward, suggesting that we will need significant momentum in order to pivot off these levels. We should see some support at $1640 but if not, lows at $1629 should provide further support. If we somehow pivot, then $1658 should provide...

quantguy

Bonds hit resistance at 111'26, dipping back to support at 110'27. We anticipated this in our reports yesterday. It is likely we will continue the sideways correction from here, bound between these two levels. If ZN can break out, then 113'12 is the next target. We expect 110'05 to be a floor for now.

quantguy

Litecoin blasted through our level at $55.84, and came just shy of $58 before retracing to support. We are seeing green triangles on the KRI at $55.84 serving as confirmation of this support and are likely to hold this level as Litecoin equilibrates with the rest of the markets. The next target is ambitious at $61.75. If support fails, then we could retrace...

quantguy

Ethereum has continued to rally, rocketing up to our next level at $1548. As predicted, this level is holding with red triangles on the KRI confirming the resistance. It appears we are stalling here for now and potentially may range for a bit to establish value as the markets equilibrate. If we are able to break out from here then $1653 is the next target. If...

quantguy

Bitcoin has maintained strength as the crypto rally continues. As predicted, we are running into resistance at $20.7K, with a red triangle on the KRI confirming resistance. The Kovach OBV is still strong so we will see if we have enough strength to break out to $22.4K. If not, we should expect a retracement back to $20.0K or perhaps further to $19.5K with...

quantguy

Oil finally broke out, which was somewhat of an inevitability as the price was consolidating for almost a week. We saw a triangle corrective pattern in the mid/low $80's, with prices stubbornly refusing to move as the rest of the markets have made great strides. Finally, we were able to break out and our analysis was on-point. Sure enough, $88.74 acted as a...

quantguy

Stocks have rounded off, but still edge higher despite disappointing Microsoft guidance , Meta malaise, and general tech sector weakness. Goldman Sachs is bullish on a recovery for Microsoft, and it is one of the only AAA rated companies on the planet. These facts have weighed on the indexes, but have not contributed to much of a sell off yet. If earnings...

quantguy

Litecoin rocketed higher with the rest of the crypto markets following expectations of a Fed rate hike tapering. We soared through the vacuum zone, rocketing from support at $51.92 and even broke through our target at $55.84, which frankly we thought was a long shot. Currently, we are above this level, hovering in the $57's. We have encroached upon another...

quantguy

Ethereum blasted through our targets yesterday as housing price data and earnings suggest that the Fed may taper rate hikes soon. The returns from the move doubled that of Bitcoin and other cryptos. We have broken through $1342, then $1368, and finally $1424, which we anticipated to hold as a ceiling. We did not stop there as the price continued to soar and hit...