ARKW - H&S pattern concerning for markets?
It looks to be as if a very high timeframe head and shoulder pattern is developing in ARKW.
As innovation looks to be of something that is sort after in times of abundance a clear demonstration of the underlying decay of an economy would be a index comprised of stock involved new evolving companies that thrive off low interest rates and a myriad of reckless spending.
Well here you have it and thank Cathy Wood for already doing the work for you.
What we are currently witnessing is a display of cautious spending. One in which will carry on for quiet sometime as the economy head into a recession. I all but hope the this does not decline all to drastically at the break off the neckline.
As innovation looks to be of something that is sort after in times of abundance a clear demonstration of the underlying decay of an economy would be a index comprised of stock involved new evolving companies that thrive off low interest rates and a myriad of reckless spending.
Well here you have it and thank Cathy Wood for already doing the work for you.
What we are currently witnessing is a display of cautious spending. One in which will carry on for quiet sometime as the economy head into a recession. I all but hope the this does not decline all to drastically at the break off the neckline.