Hop on the ark to survive the floodHello friends.
It's time to hop on the ark so that we can avoid the flood. We have modified our primary count of ARKK based on the length and shape of the corrective structure, and we think that it's quite likely to take another leg up.
The alternative is that ARKK can go straight down to around $30, and then complete the bear move there.
So really ARKK is probably either nearing a short term bottom here, or a long term bottom in short time. It's a good idea to be long, regardless of ARKK's questionable fundamentals.