Stocks have gotten a lift off lows and are drifting up to higher levels. We are currently seeing support from 4693. We will continue to have resistance from 4729, and it will take more momentum than what we are currently seeing to break new highs. A retracement could continue the sideways correction, bringing us back down to 4649 or 4632. We could easily...
The DXY has gained strength, sailing through the vacuum zone in the 95 handle and is currently inches away from our next profit target at 95.82. Recall that we had a vacuum zone between 94.77 and 95.82. We have seen the DXY stutter along the way, and we anticipated seeing some new levels forming in this vacuum zone. We have since added two more technical levels...
Litecoin got smashed with the crypto selloff, retracing much of its aggressive rally to the high $200's. We neared $300 before the first selloff which took us back to the mid $200's. Currently, we are finding support at $227, as identified by a green triangle on the KRI. Litecoin still seems content in the $200's, but if we face another selloff, then $217,...
Ethereum sold off sharply, but found support at $4258. We saw a long wick extend below this level, which extended down to $4100 or so. Two green triangles on the KRI are suggesting that we have great support at current levels. The Kovach OBV has turned south sharply, suggesting that we are oversold at this point. But the lack of a follow through, and inability...
Bitcoin has melted down as looming US regulation and a China crackdown weigh in on the price. We have breached the $60K handle, but found strong support from $59.4K. Readers should be very familiar, and we hope you were prepared. The Kovach OBV has turned sharply bearish, but is starting to look oversold, indicating that this could be a good place to buy back. ...
The S&P 500 is ranging, and it seems we are in a broad sideways correction, after the impulse that took us to highs. We are seeing support from 4632, as identified by a green triangle on the KRI, and are facing resistance from 4693, as confirmed by a red triangle on the KRI, and will face further resistance from highs at 4729. The Kovach OBV has leveled off, so...
Litecoin found good support from $242, where it seems to have bottomed out for the time being. We saw two green triangles on the KRI confirming support at this level before catching a lift to higher levels in the upper $200's. We are currently flirting with $280, but some red triangles on the KRI are suggesting some resistance at this level. If we are able to...
Ethereum is continuing a broad sideways correction in the upper $4K handle. We saw strong support from $4450 where a selloff from highs found support. These lower levels were quickly rejected and we have found further support in the $4500's. Currently, we are hovering around $4670, and are likely to range here until further momentum comes through. The Kovach...
Bitcoin has recovered from a sharp dip from highs. We got smacked down from $66.8K to test the lower $60K handle, finally finding support at $62.4K, confirmed by a green triangle on the KRI. we are currently facing some resistance at $66.3K, as confirmed by two red triangles on the KRI. The Kovach OBV is pretty flat, so we anticipate further ranging in the...
Oil is pressing lower of reports of increased supply and weaker demand. We are currently testing a very important psychological and technical level at 80.00. We are seeing several green triangles here at 80.00 which is suggests strong support. If we are able to break down from here, then there is a vacuum zone below to 77.56. We have several technical levels...
Stocks have found good support at 4632, confirmed by a green triangle on the KRI. we have gotten a good lift from this level and are currently testing higher levels. Currently, we are testing 4695, where a red triangle on the KRI seems to be indicating some resistance. If we can see momentum come through at open, we could easily test highs again at 4729. If we...
Stocks have leveled off, trading pretty flat yesterday. Volatility has consolidated quite a bit, suggesting that a breakout either way is near. The Kovach OBV has completely flattened with this ranging. We are finding support at 4649 and 4632, two levels we called out yesterday. Beware of the vacuum zone below to 4580. If we are able to catch a bid towards...
Litecoin has retreated from highs but has stabilized around $260. We are still holding onto the mid $200's after that rally from $202 that brought us up to almost $300. We are seeing good support from $251, confirmed by several green triangles on the KRI. If we can make a run for highs again, then $280 and $291 are in sight as targets. If not, then $242 and...
Bitcoin appeared to be finding support at $64.3K, but momentum has weakened once again. We are currently finding support just below this level, with some green triangles on the KRI serving as confirmation. But the price action is 'rounding off' which looks weak technically. The next level of support from below is $62.4K. This level and $61.6K should provide...
Ethereum appears to have topped off at highs at $4858. We have punched through support at $4670, but a series of green triangles on the KRI suggest we are finding support at or around this level. The Kovach OBV has dipped sharply, so this may suggest support won't hold. The price action has largely 'rounded off' and the chart is looking a bit weak. If we test...
Oil has dipped to the lower bound of its broad range in the 80 handle. We have broken through a series of levels in the low 80's, and are clinging onto 80.00 by a thread. We do have a series of green triangles on the KRI suggesting support here, but the Kovach OBV is dipping suggesting that we are still quite weak. If 80.00 does not hold, there is a vacuum zone...
Stocks have retraced sharply from highs. We have been warning of a retracement for the past three days or so. Hopefully, no one got caught in a FOMO trade at highs. As anticipated, we saw support from 4632, one of the exact targets we identified for support during the retracement. A green triangle on this level is confirming support, but if it does not hold,...
Litecoin topped off just below $300, before a swift retracement back to support at $251, the exact level we called out as support yesterday. We have several green triangles on the KRI here confirming the support. Currently, we have rebounded back to $264, and seem to be wavering just above this level. A red triangle on the KRI suggests that we may be...