HMMJ, Horizons Marijuana Life Sciences Index ETF (ETF)

HMMJ ETF crash through that $15 price level, but instantly reversed. It also reversed right at my bottom trend line.  This may only be a temporary stop and I would not think about going long until any potential diagonal decline has fully played out. Even then this ETF is acting much like Bitcoins have been doing as they have no leverage content inside the ETF. I can tell because if it was leveraged, these waves would be far more wild and violent.

There are no established cycles at this time, which makes it harder to trust any bottom  even when it looks real good. If HMMJ ever hits 5 dollars, then we could even see an inverse stock split.

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