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

FAS – FAS is near the end of zigzag correction like SPX and I expect a reversal into the close if SPX turns green here

TNA – TNA completed a zigzag yesterday before today’s rally..a break of 105 would setup a Wave 3 back to the 10 day highs

IBB – [ms-protect-content id=”61,117,1559″] IBB got slammed by Trump’s speech this morning and it looks like a W2 correction min.. .618 support is still intact at 273-274

NUGT – A close above 10 in NUGT after an ABC flat would setup a Wave 3 to the $13-$14 range [/ms-protect-content]