Tuesday June 19th, 2018 by Mike Paulenoff CRON-- The Model Portfolio is 100% long (from Jan. and Feb. entries) at an average price of 7.005. Similar to the pattern set up in NEPT (see our 10:17 chart discussion), CRON also exhibits a large coil-digestion period off of its Jan. high at 11.90. Based on my work, the coil is complete, meaning that the multi-month sideways pattern has fully digested the gains from Aug. 2017 to Jan. 2018 (1.00 to 11.90), which if accurate suggests strongly that CRON is positioned for upside continuation, especially if a bullish catalyst emerges in the days directly ahead. Last in CRON is 6.82/84... In that the Canadian Senate is currently debating the already passed House bill, and is expected to pass the legislation in the upcoming days/weeks, perhaps the catalyst is approaching quickly? Here is a link to a recent article about the Senate vote... https://www.npr.org/2018/06/19/621422290/canadas-house-votes-to-legalize-marijuana-sending-bill-to-senateMike Paulenoff is author of MPTrader.com, a real-time diary of his technical analysis & trade alerts on ETFs for precious metals, energy, currencies, and an array of equity indices and sectors, including international markets, plus key ETF component stocks in sectors like technology, mining, and banking. Sign up for a Free 15-day Trial! * I really like Mike's charts and analysis. This is shared with my readers here via MPtrader.com *Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal. If you liked this article, please click the LIKE (thumbs up) button. Feel free to leave any comments, question, or opinions. Follow us and check back occasionally for additional articles or comments.