ARK Innovation ETF
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ARKK: New Short Setup

375
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 ativo
Nota
snapshot
Nota
SPY ripped higher as feared, but ARKK has underperformed nicely in that time. Short still looking good and still below 121.
Nota
Will close at loss if moves above 50 day EMA. But it appears to be rejecting yet again

snapshot

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