ARKK: What's Going on Next?

$ARK Innovation ETF(ARKK)$ thoughts: The modern day risk on barometer closed above subtly 45 to end last week, and is now above the 50-day moving average. If a character change is underway, this moving average has good record of offering price support.

I plan to participate actively in ARKK as price consistently trades above 45. This is my favored 'melt-up' trade. Any closes below 45 terminate the trade attempt. Meaningful exposure to the idea will be marked with a breakout above 52. I expect the initial positioning to generate a few paper cuts before establishing full trade size.

If price fails to sustain above 45 I will not be interested, and will monitor broader market risk signals (short term trend, breadth and momentum) that favor the odds of a decline. For now the risk off signals remains absent.

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Macro Trend

Monetary policy, various types of price indices... Here is everything about the macro economy!

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Meaningful exposure to the idea will be marked with a breakout above 52. I expect the initial positioning to generate a few paper cuts before establishing full trade size.If price fails to sustain above 45 I will not be interested, and will monitor broader market risk signals (short term trend, breadth and momentum) that favor the odds of a decline. For now the risk off signals remains absent.<img src=\"https://community-static.tradeup.com/news/7910f5741532e2a3458fb6c96696129e\" tg-width=\"900\" tg-height=\"561\">Follow me to learn more about analysis!!https://x.com/tomthetrader1/status/1809979542364381345</body></html>","htmlText":"<html><head></head><body> <a data-mention-id=\"ARKK\" class=\"teditor-mention\" data-mention-name=\"ARK Innovation ETF\" href=\"https://ttm.financial/S/ARKK\">$ARK Innovation ETF(ARKK)$</a> thoughts: The modern day risk on barometer closed above subtly 45 to end last week, and is now above the 50-day moving average. If a character change is underway, this moving average has good record of offering price support.I plan to participate actively in ARKK as price consistently trades above 45. This is my favored 'melt-up' trade. Any closes below 45 terminate the trade attempt. Meaningful exposure to the idea will be marked with a breakout above 52. I expect the initial positioning to generate a few paper cuts before establishing full trade size.If price fails to sustain above 45 I will not be interested, and will monitor broader market risk signals (short term trend, breadth and momentum) that favor the odds of a decline. For now the risk off signals remains absent.<img src=\"https://community-static.tradeup.com/news/7910f5741532e2a3458fb6c96696129e\" tg-width=\"900\" tg-height=\"561\">Follow me to learn more about analysis!!https://x.com/tomthetrader1/status/1809979542364381345</body></html>","text":"$ARK Innovation ETF(ARKK)$ thoughts: The modern day risk on barometer closed above subtly 45 to end last week, and is now above the 50-day moving average. If a character change is underway, this moving average has good record of offering price support. I plan to participate actively in ARKK as price consistently trades above 45. This is my favored 'melt-up' trade. Any closes below 45 terminate the trade attempt. Meaningful exposure to the idea will be marked with a breakout above 52. I expect the initial positioning to generate a few paper cuts before establishing full trade size. 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