JDST update

If JNUG is putting in a near term bottom, the reverse should be true for JDST.  That final 3 wave move into red 5 was likely its near term peak.  All bets are off if a higher high is seen than $17.72.    For people who want to keep things simple and easy, just short JDST here and set a stop at $17.72.  You risk 41 cents for the opportunity to make $6+ bucks.  Those are pretty good odds folks and that is all you can ask for.  How many times do you need to make 35-45% like that before it turns into real money for you?

At the very least JDST should go back down to the level of the prior 4th as shown.  It could go much lower and of course eventually will but I will be looking for a bottom around $11 and then I might even go long it if the waves will allow.