12.27.16 Elliott Wave Updates For ETF’s: $FAS $TNA $NUGT $IBB

FAS – FAS is close to breaking the top of the B wave at 42.50, and if that breaks that would setup a continuation of a Wave 3 to the 45-47 range

TNA – A break of 107.50 would setup a continuation of the big Wave 3 that started a couple months ago..highest target 140

NUGT –

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NUGT in the $3-$4 range is ideal before the Jan effect bounce..or the last price of the year 2016

IBB – 277 is a tough level to break and needs to break for IBB to break out of the zigzag [/ms-protect-content id]

In : ETF

About the author

CEO Ted Aguhob, Master Elliottician and Technical Analyst, Day And Swing Trader, Website Designer And Marketer, Artist, Producer and Musician has provided content to gemxwave.com, wavegenius.com and masterofcharts.com for over 14 years. The biggest breakthrough as a blogger came in 2013 when Wavegenius.com produced a net profit of over $177,000 and became one of the highest earning blogs in the entire country. Many of his biggest and most amazing calls appeared on major financial websites like Thestreet.com, Yahoo Finance and MSN Money, was a radio personality on Washington DC Radio, and has a following in the tens of thousands for many years. Ted is known for his charisma, vision, creativity and better yet.."genius."

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