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This looks like a combination of continued consolidation,

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sleekscape Member Level  Wednesday, 01/03/18 10:50:36 AM
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This looks like a combination of continued consolidation, MMs taking out stop losses and probably most significantly, a technical correction

VATE & SIPC were handily outperforming the 2016 GRAND SALAMI and the 1st leg up in each was powerful enough that the stocks continued to move up even though both were technically overbought

When this occurred during the 2016 run, there would typically be a technical correction, followed by the next leg up

But because the timing of the 1st leg was coincident with a sharply increasing sentiment in the MJ sector, it seemed possible that VATE & SIPC could continue to defy technicals, at least for some time longer

As is evident by today's open, an RSI reset was in order for these stocks to fully consolidate the enormity of the first leg before they can begin the 2nd one

Look at the charts of THE 2016 GRAND SALAMI in the intro and take note of the RSI during the mania -- compare it to THE 2018 GRAND SALAMI and take note of the fact that VATE & SIPC were comparatively defying technical analysis for a longer period of time

That being said, the RSI is resetting today, just like it tended to do during 2016 towards the end of each leg -- setting the stage for putting in the next base from which to launch the next leg up


Sleek


$LEEK$CAPE'$ GRAND SALAMI FOR 2018 MARIJUANA MANIA -- PART II
http://investorshub.advfn.com/$LEEK$CAPE$-GRAND-SALAMI-FOR-2018-MARIJUANA-MANIA-PART-II-31243/
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