ARKW ETF looks like a classic ABC move to me.
looks like we are at a crossroads, will it go, or will it retrace?
Which ever way it moves in the next few weeks will likely be our signal to know how to play this out for the next 3 to 12 months.
A. just keeps creeping up, nice and steady, bulls keep control and just steps its way to target.
B. retrace, build up selling pressure, then during 4th Q, the bulls will take over and push it quickly up past 37 and off to target before end of 2018.
Either way, I predict the bull market will prevail over the next 3 to 18 months.
Which ever way it moves in the next few weeks will likely be our signal to know how to play this out for the next 3 to 12 months.
A. just keeps creeping up, nice and steady, bulls keep control and just steps its way to target.
B. retrace, build up selling pressure, then during 4th Q, the bulls will take over and push it quickly up past 37 and off to target before end of 2018.
Either way, I predict the bull market will prevail over the next 3 to 18 months.
Comment:
A retracement back to 37 zone and a nice gap up, and we are off to a bullish trend continuation. nice.
Trade closed: target reached
Comment:
Nice pull-back to kick off 2018 buying season.
Buy and hold for 2018, sell End of Nov at it peak.
Happy Holidays.
Buy and hold for 2018, sell End of Nov at it peak.
Happy Holidays.