JNUG update

The move up into  Thursday's close could still be counted as corrective but for now my primary count is shown below.  Either the blue or red could transpire in this model.  Set stops just below the 38.2 fib and then if taken out re-attempt entry at the 61.8 after 5 more small waves down.  People think JNUG is going down forever but that is just herd think extrapolation of the present into the future.  The wave count saves us from these emotional failings by providing a clear model based reasoning for entry and exit.

We will have confirmation that the next big wave up is in progress if JNUG clears $2.80.