AMEX:ARKK   ARK Innovation ETF
Hey guys, I think it's fair to say what ARKK is doing right now has some similarities to what it was doing back leading up to the rally in March, only with some more relative strength this time around. I think ARKK will eventually resolve lower by August, but I think the intermediate-term could be another rally higher. I would not be surprised if this rally nears $50/share and breaks the June highs. I would expect said rally to be faded considering my price target on ARKK remains lower and I think market conditions at that point would point towards rallies being faded across the board. Let's see how it plays out!
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