The S&P 500 Index (SPX) chart is showing a potential bullish pattern. Ark Innovation ETF (ARKK) is in a bear pattern on its chart, says Frank Cappelleri of Instinet LLC. He analyzes the 50-day and 200-day moving averages on ARKK. Frank explains the S&P Oil and Gas Exploration ETF (XOP) had a bullish reverse head and shoulders pattern.
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