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

FAS – FAS is in the middle of an upward 3 breakaway move which could take it to 45-46 on a full 1.618 move

TNA – TNA broke through all resistance today on a powerful move, and could easily see the all time highs at 109+ shortly

IBB – [ms-protect-content id=”61,117,1559″] IBB broke through 276 resistance setting up a .618 reversal back to or over 285 in the short term

NUGT – If NUGT can close above 9 this week, an upward 3 could take it back to 12-13 [/ms-protect-content]