ARKK Continues to Look Hot!

tomthetrader1
07-23

Hello everyone! Today i want to share some trading ideas with you!

1.

Markets continue to look hot. $ARK Innovation ETF(ARKK)$

6230 is the level to hold on the S&P 500, until that breaks there is limited reason to be bearish.

Looking ahead towards August & September is some seasonal weakness. Seasonality is never a certainty— but I pay attention.

August / September could be a sideways consolidation that gives this rally a pause and cools sentiment & positioning. That would be a wonderful setup into the final three months of the year.

ARKK has served well to capture outperformance, I think 90-100 remains in the cards for this trade.

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