Caution on M+M [USLV]

In the backlink I provided a secondary model in log scale as shown below.  The cautionary warning here was to beware the 4th wave HT potential.:



Friday's rally followed the above model price movement fairly closely.  Is it just a fake out for those who would count the chart below as their primary model?  I don't know but I would sell JNUG if this went back down into the channel because then this would count as an E wave throwover.

If this happens, it really boosts Avi's case over EWI. Right now is the point where I think the herd has to choose between EWI and Avi.




Stay on your toes until we clear that top rail.