$JNK Update

My last update on $JNK was here. In that post, I described the structure and count that I saw and focused on the fact that it had reached an important level in its decline.

Now, the “range” acceptable for a “2” is a range, and I can’t know ahead of time if it’s going to reverse at the top of the range, or the bottom. So, it’s been rude to me by going to the bottom. But, internally, it all counts well here and has reached the lower end of the range, the 61.8% retracement. Ideal for a “2.” If this does turn around, risk on should be back.

The next wave up should get this well over $100, perhaps even as high as $104.

JNK


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