$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.


Note: When articles are first posted, most of them are made available only to my Patreon supporters (I do try to publish some public posts on occasion). Over time (usually after a period of a few weeks or so), I make all of the work public. To gain access to my work when it is produced, please consider becoming a patron. More information may be found on my About page and on my Patreon page. In a nutshell, patrons of any denomination (you get to pick the amount) will be able to read my weekend analyses, Tier 1 members ($20/mo.) get access to all of the articles I write, and Tier 2 members ($35/mo.) get access to those, plus counts on other instruments and my Discord chatroom.

Leave a Reply

Your email address will not be published. Required fields are marked *