JNUG update

The last couple days of sideways chop could have been printing a 4th wave.  A break out of the down sloping orange line would be a buy signal up to perhaps $6.50.  But if my count is correct, that will then pull back to the level of the prior 4th, kiss the top of the rising line and then, if that test holds, take off with gaps and gusto into a 3rd wave up.  If this count is right, rapid gains could be made very quickly for those who are able to put up with the volatility.  At least we have some pretty clear buy and stop triggers using this model.