All year in our newsletter, we warned people to not trust the market until ARKK turned up.
That turned out to be 100% dead on right, because ARKK dragged the market down like crazy.
Why has ARKK been so important? Because throughout the pandemic, ARKK has been THE symbol for speculative stock activity, given its big holdings in names like Tesla (TSLA), Teledoc (TDOC), Zoom (ZM), and Robinhood (HOOD).
But with the market recovering, ARKK is a crazy 36% off the $51.85 low.
As you might expect, the entire market has lifted.
But what now?
I’m going to lay out the key levels you need to watch in ARKK right now.
They are $71.38 and $78.25, which are the recent big picture highs:
If ARKK gets above those, this market will absolutely FREAKING RIP.