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
Note
Note
SPY ripped higher as feared, but ARKK has underperformed nicely in that time. Short still looking good and still below 121.Note
Will close at loss if moves above 50 day EMA. But it appears to be rejecting yet again 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.