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
needs to hold the 42K zone to avoid this fate. Let's see how it plays out.