[JNUG] update

The backlink warn about the current wave looking very rising wedge-ish and as a result I bailed on it to see how this would play out.



Zooming in we can see that the top rail has given way and it did so with gusto, clearly some form of 3 wave.  Maybe 3rd of 5 maybe 3rd of C.  If 3rd of C then the green path should get traction immediately on Monday and break back out the top rail most riki-tik.  But if there is only a smallish bounce then beware the next lightening stroke that will likely be coming.

Folks, let's HOPE this is a 4th wave HT because they are among the most reliable patterns.  But it's still too early for that thinking.  Watch the support and resistance lines in the these models and it will probably give you better insight on where to set up your next firing range.