Negative divergence around the board for /NQ, considering the severity of these technicals, yesterday's correction was quite insubstantial. Target still remains 11,000. Elliott Patterns still valid, despite run today (hasn't cleared high of yesterday - flat B wave). Copyright Rohan Karunaratne 2020
Not the chart I was expecting, but definitely are more convincing chart for the bearish case. Elliott Wave pattern a little choppy, but still is valid. Looking for much greater downside in the overall markets, now that we have completed a macro "higher divergence" pattern. My prediction still holds, target 25 and above, but probably more on the order of 26....
Slightly modified the Elliott Wave to make yesterday's push wave 1, because we fell a little more than expected, making yesterday's run 3, and today 4 would have been invalid. Copyright Rohan Karunaratne 2020
Not my most favorite stock to trade, but it is holding well within the trend channel, might play the rubber banding movements. Copyright Rohan Karunaratne 2020
Great push on SQQQ going into the close, I would be more confident in the chart if we saw more consolidation in the new territory we have pushed into. Copyright Rohan Karunaratne 2020
Great play for SQQQ today, looking for a retrace in coming weeks to below 120. Copyright Rohan Karunaratne 2020
Was shorting the NAS earlier today, looking now at SP500, maybe a get long opportunity for short correction up from target at 3310, will provide update more closer to target level. Copyright Rohan Karunaratne 2020
Spectacular opportunity for those following my channel, we called out SQQQ at around 23.25 for wave 3 beginning, and just in time, saw massive gains! This is just my opinions, please learn about markets and stay knowledgable and vigilant in these times. Copyright Rohan Karunaratne 2020
Elliott Fibb levels looking good for a micro 12345, so far looks like completed 1 and 2 waves earlier. Copyright Rohan Karunaratne 2020
Not the best setup there is; parabolic moves in the market are generally difficult to play, and offer alot of downside to upside. Though there is 5% of upside available in a trade like this, the downside based on previous lows (can crash relatively fast), are around 25%. The Elliott count could be a 12345 with the primary direction up, and this could have...
Technicals super weak for a case for the bulls. Retracement and beginning of wave 3 (usually longest and fastest) is being suggested for by the consolidation around 11447. Copyright Rohan Karunaratne 2020
Looking for an ABC retracement after wave 3 earlier today. Completion of b wave earlier going into the close, looking for wave C sometime in the after hours or early market Tuesday/Wednesday. Copyright Rohan Karunaratne 2020
This is my current position, please trade at your own discretion and however you are comfortable. Just because I say to take a position doesn't mean you should blindly follow, do your research and feel free to let me know your ideas in the comments. Copyright Rohan Karunaratne 2020
Looking for wave 3 to begin soon, technicals for the upside looking weak. Copyright Rohan Karunaratne 2020
Nice MACD pattern on CL=F, looking for higher move, then consolidation. Copyright Rohan Karunaratne 2020
Key level is 100 and 200 day MA coming down to potentially form new resistance for /NQ. Copyright Rohan Karunaratne 2020
/ES beginning to head back up, futures in the green at 9 PST. Needs to hand around and consolidate more for me to be more comfortable opening a short position. These are just my thoughts please trade at your own discretion. Copyright Rohan Karunaratne 2020
CDEV good run today, looking for even more room to push. Positive Divergence on the 30 and 15 min charts. Waiting for pop to 0.75. Copyright Rohan Karunaratne 2020