[ETF Watch] A Look At GLD IBB TQQQ UPRO SQQQ SPXU – Elliott Wave Analysis

UPRO (S&P Triple ETF) – Entered the worst case scenario..at least a C wave down has formed with a target of 60-61..but if it forms a full downward 1.618 X W1, W3 it would target as low as 56-57..this is setting up for a huge move down on this breakdown 15 mins ago, so take a look at… SPXU if you want to short at this moment. (Inverse of UPRO)

TQQQ (NASDAQ 100 Triple ETF) – Worst case scenarios: C or 3…a C would target as low as 112, but a 3 a slow as 108-109 back to the low of the original A wave move…SQQQ would be a good choice here at this very moment (Inverse of TQQQ)

GLD:

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GLD formed a zigzag, held support and reversed..if it can take out the top of the B wave at 103.70 it would setup an upward 3, which could easily reach 108-110 on a 1.618 move..that one break would set it up.

IBB: A break of 322 would setup a full C to as low as 310, or a downward 3 to the 287-290 range..it’s leaning dangerously towards breaking important support at this very moment.

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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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