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

NUGT – NUGT completed a zigzag and is reversing off the lows..if it can take out 13.05 it would setup a W3 that would break 14+

FAS – FAS is approaching a 1.618 target of 47 in a W3, but long term this breakout would setup a move to the 60 range

TNA – A break of 110 to the upside would setup a W3 to as high as 120-122 at 1.618 in the short term

IBB – IBB broke 290 setting up a retest of 294 or the top of the B wave [/ms-protect-content]

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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