Flat cokeFridays lack lustre trdaing day and low volumn was like drinking a flat coke. This mj market needs some more fizz this week , maybe another major buying in to the sector officially will do it. If that doesn't happen soon expect things to get slowly grinding lower over the next couple weeks as short term indicators all show lost momentum, the one component of a bubble expansion you always need. Most times the third phase <look at a 5 yr> of a bull run is the most vertical, if this pahase capped out at 74 then you will see many weeks of range bound swing trading between 48 - 70 as the market consolidates this "third " phase from 40 - 70.
If this vertical phase is to continue onwards to the 100 plus statoshere it needs that fizz and more rapid explosion past the low 70s.
On that note does anyone see the potential for these big bevies just taking their billions and growing their own supply and not bothering to over pay for what is basically just growing rights at the moment and some lights and glass.