ARKQ tests big base breakout point support

The ARK Autonomous Technology & Robotics ETF (ARKQ) is retesting its bullish breakout from an early 2021 into late 2025 big base. We view the 102-98 area (breakout/retest zone and the rising 26-week moving average) as a big support for both ARKQ and the broader U.S. equity market since holding this key level would confirm the big base breakout on ARKQ and point to an improving risk-on tone for U.S. equities.

In terms of ARKQ, holding 102-98 keeps the big base breakout intact with further upside potential toward 130 (the target for the breakout above 85) and 162 (the 2021-2025 big base target). It would take a decisive loss of 102-98 to invalidate this constructive view.

Chart 1: The ARK Autonomous Technology & Robotics ETF (ARKQ)