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

NUGT – If NUGT clears 10.20 this week it would setup a W3 to the $13-$14 range..looks like W1-W2 into W3

IBB – A break of 288 would setup a 1-2-3 going back to the election, and the highest target would be as high as 330-340 if that level breaks shortly

FAS – [ms-protect-content id=”61,117,1559″] FAS needs to close above 43.15 to sustain the uptrend into an upward 3

TNA – TNA formed a full zigzag correction with the 4 up and 5 down within the C wave today…this looks ready to reverse to the upside [/ms-protect-content]