ARK Innovation ETF
Investment Thesis
ARKK has crashed 13% in three weeks to an RSI of 27 — its most oversold reading in the past year — while market breadth collapsed to capitulatory levels (20.4% of S&P 500 stocks above their 50-day MA, breadth RSI also at 27), creating a tactical mean-reversion setup for a bounce toward the $70–73 resistance zone. This is a counter-trend trade only — the primary trend remains firmly bearish.
Why It May Work
Why It May Not Work
Timeline
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