A Constructive Possibility for $MJ

$MJ

The pot stocks have been moving a bit for the past weeks. Whether that’s related to the rescheduling news or just money moving into meme names is irrelevant to me.

We’re approaching a level of prior resistance in the MJ 0.00%↑ ETF, which has it on my radar. If it can (finally) break through, a symmetrical move to the upside would coincide with levels not seen since December 2022.

Relative to SPY 0.00%↑ , the MJ 0.00%↑ ETF is forming this interesting rounding bottom type base.

Is this the start of something?