Many important themes and groups in the market are sitting at critical polarity levels.
Here’s today’s standout:
ARK Innovation ETF $ARKK is currently exhibiting a Squeeze Score of 96.1 and a Long-Term Squeeze Score of 94.
Here's what the chart looks like:
One of the best proxies for the speculative growth factor is looking vulnerable as it completes a multi-month distribution pattern.
Price is now coiling against the neckline of that formation, with volatility on the Strazza Indicator compressed across multiple timeframes, signaling a full momentum reset.
The next move out of this holding pattern could still resolve as a failed top continuation. But for now, the weight of the evidence is beginning to tilt in favor of the bears.
