Market Analysis for Sep 16th, 2025
by Mike Paulenoff
September 16, 2025 • 1:01 PM EDT
ARKK (ARK Innovation Fund, ETF)-- Back on August 20, 2025, this is what we discussed about ARKK:
Fellow member Pawel has requested an update on Cathie Wood's fund, which in June thrust up and out of a 3-1/2 year base-accumulation period and pattern above 68.40/50 that subsequently climbed to my initial target in the vicinity of 80 (see my attached Daily Chart).
Since the 7/21/25 high at 79.19, ARK has been in the grasp of a high-level digestion formation between 70 and 79, but at this time does not look complete. Current weakness into today's low at 71.28 looks like it still "needs" one more new low beneath 70.40-- that could press into the 65-68 support Target Window-- before my pattern work indicates ARKK will be poised for upside continuation that projects next to 88 to 92... Last is 73.10...
Fast-forward to today, we see that late last week, ARKK thrust out of the "high level digestion formation" discussed on August 20th, and has continued higher to new multi-year highs at 80.46 so far.
The fact that TSLA represents over 12% of ARKK, which has climbed 23% in the past several days, certainly has had a disproportionately bullish impact on ARKK (see Top 10 Holdings attached below).
My work on TSLA argues for additional near-term strength into the 440-450 area from 415-420 (418.60 last), which will continue to provide powerful tailwinds for additional ARKK price strength into the 82-84 next immediate target zone, en route to my optimal objective of 88 to 92...
Only a sudden downside reversal that presses ARKK beneath 76.50 will send us a technical warning signal that ARKK's post-April upmove from 38.57 is taking a breather... Last is 80.44...
Mike Paulenoff is the author of MPTrader.com, a real-time diary of his technical analysis & trade alerts
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More Top Calls From Mike
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