At the mercy of the market but now we have a nice channel
If you look at my big blue arrows you will see the other channels this has gone through. These usually last 3-4 waves. I expect weed to move with the market when its up we should move towards 31 where we have now rejected twice. When its down it should move towards the low 27's. After the 3rd wave expect a big impulse in one direction or the other. This should fit in to the timeline with the June 7th vote. Ill be playing WEED a lot at this time. Also I have noticed the SPY will give you a good 10 mins heads up to get in or out of a trade. When I saw the SPY dump today I shorted this stock at 30.50. I was also able to get out of an APH trade at 10.05 before it tanked as well. Keep this in mind while trading. I expect a few more RED days as it appears the SPY has a date with the 200 day MA at 261
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