ETFMG Alternative Harvest ETF (MJ)

[floored]

To be honest,,,I can't see another sector with so much potential yet with so much drama. The Constellation Brands investment,the FDA's head suddenly retiring creating a delay on CBD, illegal grow rooms, license suspension, mergers, land acquisitions for growing, blaming packaging costs for poor quarterly results, and on and on.
One thing for sure is that the short interest is high here but my feelings are that until all these companies get their ducks in a row, the drama will continue. If my gap charting would have been applied then a purchase @ $33 would have been applied and I would be disappointed at my entry. Seems to me that one stumble from just one company affects the entire sector which this ETF basically invests in. This is a tricky one to read because no matter how confident you are in your charting abilities, one headline will make you unsuccessful.
So here we are, a more normal trading pattern instead of the old down in the morning / down for the day pattern we have become used to for quite a while. John CM said "need another green day" but I say need the companies to act like companies. This isn't a hobby.