Agreed, in the big picture this appears to want 'up'. I see a tightening equilibrium though, if you draw a line from the drop on Jan 14th of about $37, along the recent $41 and $43 drops, you'll see that this equilibrium has until about March 18th to break bullish or bearish. I think they'll have to come with something more than Snoop Dogg, but until it is judgment time, I do believe that bulls will hold current supports, while bears will hold current resistance.
Barkworth
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Correction, that will be around March 6th. CGC on watch, as you say, indeed. Thanks :-)