WadeYendall

Will ARKK lose 100 tomorrow?

Short
AMEX:ARKK   ARK Innovation ETF
I was hoping ARKK had finally found a base late last week give some hope for a rally in small cap growth stocks. That was until Cathy Wood got Musked on Sunday afternoon. Elon's tweets have sent BTCUSD into dump mode leaving the ARK funds exposed through there exposure to GBTC , SI, TSLA , COIN ect. If 100 breaks I would not be surprised to see a flush down to the 80/85 area. The funds and individual holdings have been under short attack recently and this will only put a bigger target on CW back. BTCUSD needs to hold the 42K zone to avoid this fate. Let's see how it plays out.

Comments

Its a very good job
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haha, is a bubble party, elon buys BTC then he destroys it, and sells it, he probably doesnt sell it but tsla I guess had done it. And now bubbles are coming down.
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