ARKK BottomPotential ARKK Bottom at either the Diagonal (at right now) or the Horizontal Level just below. I would not guarantee it to bounce off either but is worth a look.
ARKK trade ideas
ARKKBear flag/channel breaking down. Looking for a test of the May low. Would be surprised if it holds.
See the Forest for the Trees - general note to myselfAs per the title - this is just a note to myself, maybe to try and see the forest for the trees
Just picked out a few charts which maybe give some clues as to the wider state of the markets;
S&P stocks above the 50 day - have hit that 85-90 level, on a weekly basis they only seem to hold this level for 1-2 weeks before a sharp move down to 75 if not lower
US 10year - Rising Rate Environment continues to put pressure on stocks
NDX Futures - At the top of downward channel, breakout above channel failed, look set for a retest of 11,500 area (200 DMA)
ARK - In clear Downtrend, upward corrective move finished, looking set for another Impulse move down
Other factors which may be significant - Geopolitical tensions (Ukraine / Taiwan), Covid lockdowns in China affecting Supply chains, China property bubble
Jackson hole / VIX & VXN levels / Earnings Strength
The TitanicHey all,
ARKK has crashed; the broader equity market is starting to follow it. For new traders, I think you all should look back at the Nasdaq in 2000 to take notice of the similarities between the two. Assuming this is a repeat of 2000, we've got another leg down ahead of us, but that would likely lead us to the bottom of this bear market(Mind you, it took roughly 18 years to reclaim highs from the dotcom bubble burst). Though I am expecting the downside to be pressed 'til year-end, this thing won't go down forever. Looking forward, if ARKK makes a leg down similar to the one I have drawn out and similar to the Nasdaq in 2000, I will likely be aggressively sizing in on the dip expecting a bottom to be put in and a strong bounce off the bottom to occur. Moreover, as this sector topped out before other sectors(such as value & agriculture), I would not be surprised in the least bit if this sector bottoms first.
ARKK BTFDARKK is an actively managed Exchange Traded Fund (ETF) that seeks long-term growth of capital by investing under normal circumstances primarily (at least 65% of its assets) in domestic and foreign equity securities of companies that are relevant to the Fund’s investment theme of disruptive innovation.
arkkarkk BTFD ARK Investment Management LLC is an American investment management firm based in St. Petersburg, Florida, that manages several actively managed exchange-traded funds. It was founded by Cathie Wood in 2014. As of February 2021, the company had $50 billion in assets under management.
ARKK setting a floorAlthough there could be dark days ahead for tech depending on macro factors, much of the bad forecast could be baked in at this point. ARKK could be setting a floor on historical support levels if it successfully forms a higher low in this area.
ARKKIt's pretty amazing to me how often a move happens right after my trigger line ends. Not saying that this will break down here, but according to the history of my charts, now would be a logical time for it to happen. Bearish below ~$43.50.
Hop on the ark to survive the floodHello friends.
It's time to hop on the ark so that we can avoid the flood. We have modified our primary count of ARKK based on the length and shape of the corrective structure, and we think that it's quite likely to take another leg up.
The alternative is that ARKK can go straight down to around $30, and then complete the bear move there.
So really ARKK is probably either nearing a short term bottom here, or a long term bottom in short time. It's a good idea to be long, regardless of ARKK's questionable fundamentals.
ARKK: TRENDSI ATS CONFIRMATION: READY TO BOUNCE UPTicker Symbol: $ARKK
️Timeframe: 4H
️AT THE SUPPORT, READY TO BOUNCE UP.
️Investment Strategy: LONG
TECHNICAL ANALYSIS:
TRENDSI ATS MONEY MOVEMENT SHIFTING UP : BULLISH
LINEAR REGRESSION + TRENDSI: AT THE BOTTOM, WHICH IS AT THE SUPPORT
RSI AND STOCHASTIC BOTH SHOWING BULLISH MOVEMENT.
CONFIRMATION I AM WAITING: TRENDSI ATS GREEN LINE WITH GREEN DOT
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Closed (Margin): ARKK Sept 16th 44/57 Short Strangle... for a 2.23 debit.
Comments: Opened this for a 2.92 credit. (See Post Below). Taking profit with 28 days to go in lieu of adjusting the setup to delta balance. .69/$69 winner.
ARKK UpdateCathie's garbage fund is still in a slow channel up. Gonna short next time it hits the top of this channel as a short term trade (1 or 2 days).
Pure garbage.
ARKK taking a breather after a 50% rally off its lowsThat high volume outside reversal session on Thursday 8/11/22 has kept control over ARKK over the past few sessions. The intermediate uptrend from June is still in tact, but near-term we're in pullback mode waiting to see if dip buyers arrive in the upper 40s to save this uptrend.
ARKK is a great proxy for growth and risk appetite in long-duration tech.
ARKK now dips lower than the level before covid begins!1) Valuation:
Now the price is lower than everything happens in Early 2020: Covid, Quantitative easing. (marked in grey horizontal line)
2)Technical analysis:
The trend is stablizing into an uptrend.
Open for discussion
Sinking ARKKI'm convinced this collection of garbage stocks has further downside, trying to figure out the timing on this, it could happen as early as next week, but if wave 4 = wave 2 then the collapse doesn't happen until we get a H&S pattern shoulder in Nov.
Kinda make sense, by then we should know that the Fed isn't going to cut interest rates next year, which is priced in right now.
Also see my ARKK overlay on top of BTC. All garbage moves together, lol. BTC is worthless and so are half the companies in ARKK.
ARKK rising wedgeThe price very nearly broke free of a long term resistance level but today's 6% drop back into this rising wedge pattern may be a bearish sign of more pain to come for ARKK.
$ARKK Finally a buy ? ARKK - The bearish sentiment and hate against miss Cathie Wood is pretty strong as her flagship ARKK fund has gone from a high of $160 to low $35 this past week, nearly erasing ALL gains and now total 5 year return in line with the market at 13.8%. If you're a contrarian, you love the idea of going long here.
I prefer technical and price action which as of now I think ARKK has a good R/R and am looking for a trade to $55 price target in the near term.
- Huge volume last week as sellers appear to be exhausting and a bullish hammer candle
- Currently at FOUR year support line
- RSI in over sold zone
- PT 55 coincides nicely with 10weeklyMA at 56
- Even in bear markets we see upside rallies (another opportunity to short)
This is a trade idea, as a longer term investor I'd be waiting for a solid base and breakout above 30wkMA, and I still see any bull rally in this name as another opportunity to go short.
Further downside is limited and favor the risk return down here.
Let's see :)
ARK Innovation fund - Bullish divergenceOn the above 4-day chart price action has corrected 60%. Tech stocks in general are ridiculously oversold. Now is an excellent time to be bullish on the ARK innovation fund. Why?
1) The ‘incredible buy’ signal prints. Look left.
2) Price action is on the golden ratio.
3) Regular bullish divergence. A number of oscillators are currently printing bullish divergence (see 3-day chart below).
4) A recent 33% increase in short interest! When a stock/ETF drops 60% and you then decide to go short, you deserve to get rekt.
shortsqueeze.com
Is it possible price action falls further? Sure.
Is it probable? No.
Good luck!
WW
3-day bullish divergence
Bias more on upside. 6th Aug 20222
Break above $50, Next resistance: $60/$62 which coincide with 23.6% Fibo and 200Day MA.
ArkkArk has been doing pretty well I will admit but it’s been Making higher lows and higher highs pretty much everything that you would like to see. However usually when you get those type of price actions it’s because it’s in rising wedge. As I can see in my chart and I’m sure you can see it too there’s a large rising wedge that we are following to the tea just about. Now currently we could be flagging below the resistance line of this rising upper resistance. What I am going to do is keep an eye on this $50.90 to $51.14 area because if we start closing candles above in holding as support we could actually see a bullish break from a bearish pattern. I am in a position in SARK currently as I see the opposite a falling wedge which we’ve recently touched the lower support of the fallingnwedge once again and got a bounce off it. If they arKK can get rejected here We can see a nice move down which should push SARK to the upside so we have to watch both when playing SARK or aRKK
A bullish scenario for Bitcoin ARKKTake profit level: $64.00
ARKK is an actively managed fund that seeks long-term capital growth from companies globally involved with, or that benefit from, disruptive innovation.
ARK Investment Management LLC is an American investment management firm based in St. Petersburg, Florida, that manages several actively managed exchange-traded funds (ETFs).
The firm aims to provide broad exposure to disruptive innovation. ARK believes innovations centered around artificial intelligence, robotics, energy storage, DNA sequencing, and blockchain technology will change the way the world works and deliver outsized growth as industries transform.
Opening (Margin): ARKK September 16th 44/57 Short Strangle... for a 2.92 credit.
Comments: High IV at 59.3%. Being a little more aggressive and selling the 25's here. Delta/theta -2.55/7.07.
