There is still hope for ARKK and Cathie

11 May 2021

This is an important week for ARKK and Cathie Wood. Following pre-market doom and capitulation we are seeing a bounce to the long-term support level. Hoping this can resume and break above 111 and maintain support above the 200 EMA. A close below 96 would indicate a further drop.

11 May 2021

Not

A close below 96.35 would indicate a further drop and amazing buy opportunity at the 0.618 at 81.41. But my hope is that we blast past 111 and rally back toward 128