Do not fade the growth (risk on) trade above this level
The ARK Innovation ETF (ARKK) is the poster child for growth appetite in this market environment. It's been left for dead in a cascade of selling throughout 2022, but most recently, it's been showing some relative strength, bottoming price action, and is in the process of breaking out to 2-month highs.
As long as ARKK is > 46.50, the growth (risk on) trade is on and should not be faded.
As long as ARKK is > 46.50, the growth (risk on) trade is on and should not be faded.
Evan Medeiros
Founder, Trade Risk
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Website: thetraderisk.com
Twitter: twitter.com/evanmedeiros
Latest Analysis: thetraderisk.com/smw
Free Newsletter: thetraderisk.com/trading-newsletter
Founder, Trade Risk
---
Website: thetraderisk.com
Twitter: twitter.com/evanmedeiros
Latest Analysis: thetraderisk.com/smw
Free Newsletter: thetraderisk.com/trading-newsletter
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