Important inflection point in the markets

The herd is still trying to figure out if is ready to turn south.  After an AM down turn and early afternoon rally we now find the $COMPX the level of the prior 4th.  It could still decide to fill the gap @~4703 but if the break down is starting it really should begin right here.  Time will tell but note that JNUG is again in synch with the broader markets.  The charts are nearly identical today.  So whatever happens to the $COMPX is likely going to happen even harder to JNUG today.