[JNUG] critical day on Tuesday.

After 5 waves up, JNUG peaked into mid January at about $48.50.  Since then it has pulled back and the recent price action is likely going to out itself when trading resumes on Tues of next week.   I looked a this carefully and I think the green a-b-c is a good count.  So if the peak was 1 or A then the low of Jan 29th was 2 or B.  Since then there has been a bunch of chop and volatility but the herd has been very careful it seems to not make a lower low.  So then I looked at it from a WX centric model and that recent falling wedge into the 11th of Feb counts like it could be WC2.  The we have had stair steps up formed by AM gaps. 

During the 3rd gap up, the downsloping grey trend line was broken out of but the downsloping orange one, which I believe to be the more important of the two got kissed from below and then slide down the slope.  But the slide was unable to fall below the peak of the prior wave.  So this could be 1-2-3 forming here.  Yes, it could also be a-b-c and we will not know for sure until Tues but if you see a gap above the downsloping orange line then buy it immediately.  If you see the pink route occur, specifically not breaking below the grey link as shown, then I think the recent peak was 1, the pink pullback would be 2 and then under power of a 3rd wave the orange downsloping line would be broken out of with gusto.

Another possibility would be a small breakout of the orange line at the open to complete 1 up and then a fall back below orange to the level of the prior 4th ($30.80 ish) as wave 2 and then a rapid reversal upward and break out the top orange rail and then head strongly up.  The price target for the 3rd or C wave would be $70-75 and would likely occur around mid march.  Let's just shoot for Friday March 13th as being the peak of that wave at a price target of $73, shall we?  I have reasons for this and will take time to discuss them if the count seems to be playing out.  After all, it is just a model, yeah?