[JNUG] update

Model from the backlink is below.


Current high level snapshot and model:



 Note that if the above model plays out it will result in a H+S breakdown at the neckline.  We have to be open to a mid channel termination which often happens in falling wedges.  Zooming way in, if this morphed into an expanding wedge B wave as shown then wave 1 poked through, wave 2 back up into the channel and wave 3 should gap down today at the open as 3 plays out.  A move to the $37-$38 level should be a buy signal with expectation of a rapid $20 gain before reversing down very hard into the final M+M sell off.