$ARKK Analysis
As mentioned above in last weeks post I was expecting a reversal off of $93, and while the bounce did happen out of my projected buy zone, it was met with relentless selling pressure once reaching the $98 level. Price is still in an overall downtrend, but as we approach the key $80 level I am certainly watching for a bounce out of the demand zone depicted in the chart. If $80 is lost, there is no telling where the selling may end, thus it is the only support level I have noted for this week. 
ARKK needs to reclaim $90 for any bullish action to ensue.
ARKK needs to reclaim $90 for any bullish action to ensue. 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.