$ARKK Continues Wedging and ConsolidatingOn March 30, 2023, I posted (link below) my thoughts on AMEX:ARKK being a barometer for risk-on / risk-off in this market. I still hold the same view. I’ve updated this chart and it has simply continued to consolidate into a narrower range. I expect a resolution to either the upside or a breakdown. All TBD. The constructive things I see are the consolidation in a small price range AND a big decline in volume indicating to me that there is considerable indecision on other traders’ parts. While I tend to lean bullish on this name, it could breakdown as well. I have alerts at both upper and lower trendlines and may trade it accordingly.
Thanks for looking. Ideas, not investing / trading advice.