ARK Innovation ETF
Investment Thesis
ARKK's confirmed death cross, price trading 11.6% below its 200-day MA, and a collapsing breadth environment (only 28% of S&P stocks above their 50-day MA) point to bearish continuation. The recent relief bounce from $63.52 back toward the 50-day MA resistance at $72.37 offers a tactical short entry.
Catalysts to Watch
Death cross confirmed on ARKK; price bounced ~7.7% from the March 30 low of $63.52 to $68.40, returning toward the 50-day MA overhead resistance ($72.37) while ARKK/SPY ratio remains below both its 50- and 200-day moving averages and market breadth collapsed to 28%.
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Timeline
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