[JNUG] update

End of trading day check in shows that the lower rail didn't hold.  We knew this was possible in the backlink.  It likely means blue 5 is in progress.  It certainly means that the HT model I was tracking with the blue line is bust.  This can end in several different ways including an extended 3rd of 3rd that creates extended panic to already panicked gamblers.

My current best count says 1 of 5 is complete.  Thus I would expect a sharp wave down tomorrow at the open for wave 3.  It's also possible, although less so, that wave blue 4 is still forming with a flat correction.  If that is the case then we will likely move up into the green circle at the open and then reverse back down to finish out the 5th and final wave of this motive sequence.

Least likely but not impossible is that this is blue 5 already done.  A move above $7.20, especially if done via a gap, would signal that to be the likely case.