ARKK taking a breather after a 50% rally off its lows

That 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.