RE:How a market reversal worksOhh my gawd, I don't even know where to start. One of the most moronic posts I've seen in a long time. Weed is now a safe haven from an overall market crash?? BWAAAAHHAHAHAHAH!! It can't even move up with a massive market tailwind that has been there for months! In fact, it's probably only that market tailwind that has kept it from falling further and faster. If the overall market sours, imho this stock will get crushed.
WeedTheNorth wrote: If you think the market is going to reverse from all time highs, what is liveliest to happen, without specifics. This market is brought to us by long-short algorithms. If we think that the indexes are due for a reversal, then anything well below all time highs should climb. That's because reversal creates falling pressure on market longs, and covers market shorts.
What's at all time highs? Indexes, tech, crypto. We are seeing these under pressure and I assume they will be the biggest losers by the end of the year.
What's at recent lows? Cannabis, gold, and main Street. These will get money inflows when the index crowd starts panicking.
Daily RSI is 31.77. Some sellers are going to feel really stupid in the second half of the year imo