ARKK has once again bounced off the 200 Day EMA and appears headed towards a retest of the 21 Day EMA. Nevertheless, volume-based indicators remain weak, so a re-short from around 120 could be an excellent play with a target of 93 hopefully this time.
Trade active
Comment:
Comment:
SPY ripped higher as feared, but ARKK has underperformed nicely in that time. Short still looking good and still below 121.
Comment:
Will close at loss if moves above 50 day EMA. But it appears to be rejecting yet again
