TrueTraderOfficial

Sunday Prep 8/01 - $ARKK SHORT

Short
AMEX:ARKK   ARK Innovation ETF
This name is really struggling to reclaim the 200d and now has the 20d about to cross underneath the 200d. Not to mention that this etf is compiled of a TON of names that individually would fit perfectly on this section of the Sunday Prep. Will be watching this week to see if it stuffs the 200d and then will be looking for lower highs to join trend. If it just flushes off the open Monday and loses the 50d, I may look to get involved lower. If it loses lasts week’s lows it’s in trouble.


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