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Ryan1993
Dec 4, 2023 12:17 PM

ARKW - H&S pattern concerning for markets? Short

ARK Next Generation Internet ETFArca

Description

It looks to be as if a very high timeframe head and shoulder pattern is developing in ARKW.
As innovation looks to be of something that is sort after in times of abundance a clear demonstration of the underlying decay of an economy would be a index comprised of stock involved new evolving companies that thrive off low interest rates and a myriad of reckless spending.
Well here you have it and thank Cathy Wood for already doing the work for you.
What we are currently witnessing is a display of cautious spending. One in which will carry on for quiet sometime as the economy head into a recession. I all but hope the this does not decline all to drastically at the break off the neckline.
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