[ETF Watch] Elliott Wave Scenarios For TQQQ GLD UPRO IBB 12.07.15

This is an elliott wave look at the following ETF’s:  TQQQ GLD UPRO IBB …forecasts and scenarios for 12.07.15..

IBB (Biotech ETF) – There MIGHT be 5 waves down on IBB’s 30 day 1 minute chart before a much bigger reversal..however the 5th wave may not be over and 618 X w1 + W3 would be as low as 310-320 before finally reversing…it does however look like 5 pure waves down about to complete..short term.

GLD (Gold ETF) – If GLD can hold 102.25 this week and rallies over 103.5, that would be a W1-W2-W3 setup..highest target could be as high as 109-110 in a Wave 3 at 1.618 in a golden ratio move..short term.

UPRO (Triple SPX ETF) –

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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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