The daily chart exhibited a nice IHS at the close on Tues. In my view, IHS and HS are the strongest technical signals in the book.
Do you have any data to substantiate this statement? And I'm not talking subjective, gut-feeling mumbo-jumbo. Real data that shows these technical signals actually provide an edge.
Remember though that edge comes from proper implementation of Prudent Risk Management, not from technical patterns.
A little pullback here today. Looks like longer term breakout coming shortly based on higher chart times. --Staying long.
ARKK ARKF and eventually ARKG will be great investment because they invest in Midcap growth. That's where traditionally the best returns are. The rise of the large cap monopolies (FANG+) is an anomaly in history. They usually end in tears like the Nifty Fifty in the 1970s. I guess to a degree they are similar to the Oil+Railroad monopoly Rockefeller had. ARKG just broke above a triple top formation a few days ago. Genomics should be the next beneficiary of AI.