All in on JNUG

In the backlink on GDXJ I wrote: "Today GDXJ kissed the upper rail and so I'm modeling that tomorrow it takes a step back into wave 2 and then powers through as shown. IFF this occurs it will be the official signal that the miners have begun their next big wave up."

Well, wave 1 up continued through the top of resistance but could not hold it.  Very typical for a 1st wave to do this.  Then we sold off down to the 70.7 fib with 5 rail bumps of a falling wedge which I label as WC2.

This is a proper pullback for JNUG so I just went all in on JNUG @ 28.15.  Stops @27.80.  Once the two overhead resistance lines are broken to the upside there will be no holding this thing back.  Those are the first and second confirmations that wave 3 up is upon us so most people will be waiting to see those happen before going long but I think the bottom is in right now.

Use stops folks.  Use intelligently selected EW entry points and intelligently selected EW based stops and you can win this game at the expense of those who can't or don't.