UnknownUnicorn4017959

UnknownUnicorn4017959

Still waiting for a consolidation pattern, especially after breaking below the lows set a few months ago in the 46 region. Copyright Rohan Karunaratne 2020

UnknownUnicorn4017959

Somehow AAPL managed to remain relatively unharmed despite the huge selloff today, bullish sentiment still appear to be around for tech names. I added more to position, still looking for a good rally into earnings. Copyright Rohan Karunaratne 2020

UnknownUnicorn4017959

As Intel continues to die, AMD should continue to gain market space and continue its rally, I'm holding through earnings tomorrow, so hopefully it can catalyze the wave 3 move up. Copyright Rohan Karunaratne 2020

UnknownUnicorn4017959

Over stocks toppling today, last breakout scenario was broken. I personally added to some of my longs, and hedged more in GOLD and SLV, so hopefully if we continue to topple more, diversification should help. Additionally, DIA and SPY took way more of a substantial hit when looking at the overall indexes, if anything is going to recover first, its /NQ and TQQQ....

UnknownUnicorn4017959

These are the printed targets for this week, should we hold above the futures lows made around the opening of futures markets. Copyright Rohan Karunaratne 2020

UnknownUnicorn4017959

Copyright Rohan Karunaratne 2020

UnknownUnicorn4017959

Looking back on the last time Intel sold off this fast, and using that history to make these fibb level projections about how the next rally could potentially play out. Im currently waiting for more consolidation before I decide to make an entry, but this is somewhat how I see this playing out. Copyright Rohan Karunaratne 2020

UnknownUnicorn4017959

around a 3% gain on AMD today, looking to begin a 12345 structure, but no clear sign of a 1-2 wave yet. These are projected levels as to how the run could potentially play out, but still waiting for confirmation to better lay out levels. Copyright Rohan Karunaratne 2020

UnknownUnicorn4017959

We were kind of left on a cliff hanger today, /NQ decided to try to run going into the close, and broke the trend line that was descending. Hopefully we can see that run continue into next week, and create a reversal opportunity. Copyright Rohan Karunaratne 2020

UnknownUnicorn4017959

Copyright Rohan Karunaratne 2020

UnknownUnicorn4017959

Not the best Elliott Wave setup on AAPL, the only way to explain this lower drop would be to classify the sideway move last week as a "leading diagonal", followed by a continued wave 5 move. Despite this, I still think there is some upside room on AAPL, and so long as I am bullish on TQQQ and the markets going into the election, I will try to hold Apple and cash...

UnknownUnicorn4017959

Good correction after really strong boost from SNAP yesterday, looking for a little more room of upside going into Friday, ideal target would be around the 52 area. Copyright Rohan Karunaratne 2020

UnknownUnicorn4017959

Intel stock fell after earnings today, at least from what I have noticed, they are inversely correlated so the negative news on INTC is positive boost for AMD. Copyright Rohan Karunaratne 2020

UnknownUnicorn4017959

Not the best move in the morning hours, got a fall to around the 134 region, but later in the day managed to climb back into our bullish range. My long positions still stand with the targets unchanged, I dont think the slight drop was an indication for a bearish case, if it continued lower, I may have contemplated going short. Copyright Rohan Karunaratne 2020

UnknownUnicorn4017959

Very very overvalued on SNAP, definitely needs to correct massively on a macro scale, looking for an ABC retracement to target region around 21. An alternate count could also be placed with a 12345 macro count being developed with a bullish target around 45, but I do think that the technicals need to correct. Copyright Rohan Karunaratne 2020

UnknownUnicorn4017959

Alternate count in yellow is still possible, or we could just be retesting the local lows again before beginning a B wave. At this point we have tested the lows 4 times at this point, so I would not be surprised if we moved either direction, really no decisive volume either way up till this point. I am still long some Nasdaq stocks, so if we do get the extended B...

UnknownUnicorn4017959

EV Hummer was great catalyst to propel wave 3, now looking for a slight retrace around the 28 region. Copyright Rohan Karunaratne 2020

UnknownUnicorn4017959

Copyright Rohan Karunaratne 2020