Bulls need to step in soon. ARKG recent 100MA death cross the 200, 2nd retest of downward channel and 200MA fall . Not looking good and 72 first target.
If bears lose control, we see a breakout of the channel back up to 93 resistance levels.
Really nice volume shelf support at 83... this needs to hold.
Opened an 85/90 debit spread for 9/17 to be closed if we break below 80.5
If bears lose control, we see a breakout of the channel back up to 93 resistance levels.
Really nice volume shelf support at 83... this needs to hold.
Opened an 85/90 debit spread for 9/17 to be closed if we break below 80.5
Comment:
Channel rejection following through, need a pivot here or trade is invalidated