$COMPX update: a model for walking away in May?

The $COMPX is looking pretty weak these days according to my current model.  Note that the wave down from the early March high bottomed in mid April and then executed what could be a bit awkward a-b-c into wave 2.  From there we got 5 clear waves down with a gap in wave 3, alternation, etc.  That looked motive, not corrective.  Now the action looks like wave 2 is nearing an end.  I suspect that we get a double top on this one. If the action goes to a higher high than what is labeled as black 2 then a rethink is in order because this model will have gone bust.