[ETF Watch] Elliott Wave Analysis of UPRO TQQQ GLD IBB

UPRO – For UPRO to complete a downward 3, bottom, and officially reverse it would need to reach 61.80 or 382 of the downward 3 in an upward 4..expecting that in the next 2-3 days.

TQQQ – For TQQQ to complete a downward 3, bottom and reverse itself, it would need to pop in a 4 to 382 to the 114-115 range to buffer the downward 3, 4-5 down and reverse after a mild 5.

GLD – After all is said and done, GLD both failed to break 786 and hold 618 support to the downside, so it may break the 30 day and form lower lows should 786 to the downside break at 101.7 (very close)

IBB – May have completed ABC zigzag, but the 4th wave in the C wave needs to hit 322 or 382 of the downward 3 in the C wave to buffer the downside and provide a 4-5 platform for a bottom.

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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