greenMarine today is important as a marker...
for sector nearterm health
phot has been a leader for the sector the last couple of days, so imo its vital to see how it does today to gauge the sector.
if it falters today & settles back down to lows or lower intraday lows, then imo be careful w/ the rest of the sector.
it would imply to me, that the sector only got a dead cat bounce & will continue w/ its march duldrums & continue to backfill colorado froth. it may mean march could be rather flat & still in search of a mojo catalyst to create sustained volume in the sector. that could mean waiting out wash state legalization interest somewhere in May.
on the otherhand, if the sector continues its rallies today, off the low ripe rsi's from a couple of days back. then we probably have another good week or so infront of us w/ a higher consolidation then the last couple of weeks. that would then be a higher base going into the wash state legalization mojo in May.
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