Once again I will compare ARKK to the NDX 2000 bubble chart. RSI on weekly are divergent and a bounce can be expected soon.
NDX lost 82+% of its value at its bottom. ARKK being more heavily leveraged towards risk will likely take a deeper dive than that but we're close.
Technology isn't going away folks. Those that remember the turn of the millennium the casualties, garden.com... drkoop.com, and their ilk... but the survivors rule our lives to this day.
Initiating small long position here to start... Everybody thinks Cathie Wood is a dumbass right now. What better time to buy?
NDX lost 82+% of its value at its bottom. ARKK being more heavily leveraged towards risk will likely take a deeper dive than that but we're close.
Technology isn't going away folks. Those that remember the turn of the millennium the casualties, garden.com... drkoop.com, and their ilk... but the survivors rule our lives to this day.
Initiating small long position here to start... Everybody thinks Cathie Wood is a dumbass right now. What better time to buy?
