LIMITED TIME OFFER - 10% off our service! Use promo code "PVA10OFF" to save up to $200. Learn more or contact us here.

The Sneaky “Risk-On” Signal I’m Watching

July 6, 2022  |  Steven Place
Hidden “Bull Run” Signal Most Traders Don’t Know About, go here for the details
Deep Dark Market Conspiracy Revealed, click here to learn more
Hidden “Bull Run” Signal Most Traders Don’t Know About, go here for the details
THIS Could Help You Smash Inflation, learn how to join them here

While the broad markets continue to crash and make lower lows, one interesting pocket of the market may be done selling.

The S&P is off about 30% from its highs, but tech growth names have all been clobbered… 

Think down 70%.

The poster child of this tech bubble has been ARK and Cathie Wood. 

Her funds were on the front page of every investment website through 2021, but it hasn’t been a good ride since then.

However, we could be seeing a turn:

ARKK Chart

ARKK Chart

Notice how the market made a flat retest instead of a lower low like we saw in the Nasdaq or S&P. 

That tells me the deleveraging may soon be over.

A true test of that will be coming up soon. 

We have a huge volume shelf, resistance, and the swing Anchored Volume Weighted Average Price (AVWAP) from the recent highs all coming into play.

If ARKK can manage to move above that, it would signal to me that the worst in tech stock growth land could be over…

And that we need to start looking for “Stage 1” bases to start playing.

If you’re wondering about the indicators I used to analyze ARKK on that chart, and you want to learn how to use them yourself…

Go here.

Ad - Learn how to predict stock prices before the market catches up! Click here to access training
Have any questions? Feel free to contact us HERE
Image of Ross Givens
Steven Place
We are Here to Show You The Smart, Simple Way To Trade.
© 2022 - Precision Volume Alerts - All Rights Reserved
LIMITED TIME OFFER - 10% off our service! Use promo code "PVA10OFF" to save up to $200. Learn more or contact us here.