Lack of any bull moves on the SAFE Act passing Congress means it was already priced in, and bulls who were holding looking for a move, who exited their positions when that move didn't come, was a contributing factor in significant red week we saw, in my opinion.
The other factor to be aware of is all the bearish news articles around the vaping illnesses we've been hearing.
It's funny, people have been getting sick for months and years but the timing of this news is to come out a week before Congress votes on the SAFE Act. Makes you wonder....
I'm currently in a first scale in of CURA for a bounce only, otherwise I am still waiting for a fundamental catalyst or for a trend change.
The other factor to be aware of is all the bearish news articles around the vaping illnesses we've been hearing.
It's funny, people have been getting sick for months and years but the timing of this news is to come out a week before Congress votes on the SAFE Act. Makes you wonder....
I'm currently in a first scale in of CURA for a bounce only, otherwise I am still waiting for a fundamental catalyst or for a trend change.