the basket the ever clear h&s targets 41% down... it cannot get any clear... That will the final bottom to get situated follow
be fantastic and aunty will be all set for the next ten years... that is what the chart is speaking let us hope it does that.... follow
I see a narrowing triangle. Triangles we love especially squeezed ones with a bit of consolidation visible. I will not enter from point 1. First we need to observe bounce back from 1 and rejection at point 2 so basically one more touch on each sides of the triangle. If that occurs, I will start opening position on point 3. we see 2 influential figures coming head...
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...
It looks like wave 2 has not completed yet. If we get a bounce and rejection off of the DTL and PoC line, and break the support around 82, we could see a completion of wave 2 around 75-76 followed by wave 3 to 110+
ARKG just broke the long term parallel channel, i expect it to close down to 78 if it does not hold above the parallel channel or we will see it shoot to 91 in near term. Given the macro environment which market seems to be bullish (I think the money will rotate back into Cathie's ETF.
I think with the macro environment, there will be a small correction to arkg which represent more buying opportunity. First timer here, please comment
But will not be surprised to see it touch $78 near-term. Shouldn't stay there long. Note Williams %R below -80
ARKG target 105.72 by Aug 13th. Day MACD steadily up, 9 and 20 day moving average steadily up cross 100 day average indicate accumulate upward price. Lets target $105 by 2-13 Aug.
Heading into the week ARKG is on my radar for a play either side... If it breaks the hi of friday(green line), we can fly and if it breaks the low of friday(red line) we can dump. I am really excited to see what happens with this.
... for a .23/contract credit. Comments: Put on when the expiry-specific implied was at 56% (See Post Below), it's crushed in here to 38.8%, so I got movement away from the short put strike + volatility crush. No sense in hanging out another 36 days for the remainder of the extrinsic. In for 1.74; out for .23; 1.51 ($151) profit/contract.