Short $ARKK $84.42. Appears to heavy sell off. Downtrend will continue in my opinion. $ARKK walking on very fine line of support. Any further sell off below $85 area is not good for the $ARKK. Trading below all major moving averages. MACD turned negative recently. Current support level $85 area. If broken below then expect short target 1 is $73 area in coming weeks followed by short target 2 $62 area.
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Target 1 achieved
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Trade still active. Let's see whether $61 can be reached with recent price action. Cramer mentioned $ARKK downtrend and things go opposite once Cramer points it out so I now doubt $61 can be achieved. :)
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