ARK Innovation ETF
Investment Thesis
ARKK has broken below both its 50-day ($78.13) and 200-day ($77.90) moving averages in quick succession, and both MAs are now converging into a tight resistance band just 2–3% above current price. While the broad market remains healthy (63.6% of S&P 500 stocks above their 50-day MAs), ARKK's persistent relative weakness vs SPY signals ETF-specific distribution — setting up a short on any failed bounce into the $77–79 resistance zone.
Why It May Work
Why It May Not Work
Timeline
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