MJX Index Alert: $4.00 is the KEY level to turn in

MJX Index Alert: $4.00 is the KEY level to turn into support……

http://marijuanaindex.org/financial-data/

June turned out to be a very Bullish month for the MJX Index………After peaking in February the MJX Index pulled back until support was found in the 3.20 zone in April……..the MJX Index consolidated for nearly 2 months & tested 3.20 support 4 times before breaking out @ the start of June………The MJX Index rallied to 4.00 resistance before pulling back on Thursday………checkout the 1 month chart on this link……..it's impressive…….& IMO the June rally resembles the January run……..both were quiet…….if you remember back to the winter rally the major hype came in Feb. after the run had already started………

After the pullback & consolidation phase most investors are still wondering what direction the MJX Index is headed………very similar to Dec. & Jan……everyone is wondering if this is the start of the next run?………"only time will tell"…………

Checkout the month of April on the MJX Index chart………you'll see 4.00(3.90's) was the resistance zone on the 1st bounce after the big pullback………….this is why I have repeatedly said 4.00 is the KEY level to break and turn into support……….the 1st part of the equation has been completed…….the MJX Index broke 4.00 resistance…….now the MJX Index is in the next phase……..the process of turning 4.00 into support………this will be KEY moving forward & I suggest all MJX followers to track it's movements very closely next week……….the MJX Index is @ a crossroads & everything is riding on turning the 3.90 - 4.00 zone into support……………$$$

The numbers aren't exact, because I'm using the data from the website…….when the Index becomes more valuable I'm sure there will be better charts and data as well………remember, this is the infancy of the MJX Index………..pretty exciting if you think about it……….$$$

http://marijuanaindex.org