[JNK] update

At the backlink I provided the model below.



Current snapshot shows that a horizontal triangle seems to be forming so I will count it as wave 4 of blue 5 which will also be red 3.  Then we should expect a bounce into red 4 which could be as shown below OR it could run all the way back up to the down sloping blue neckline and then hit a lower low.

Volatility is what we should expect as the system struggles to survive.