1.17.19 Elliott Wave Updates For ETF’s: $TQQQ $TNA $NUGT $IBB

TQQQ – Off the recent zigzag low we have a 1-2-3 pattern forming in TQQQ..it could be in the middle of a W3 with a high target of 50-52 short term

TNA – TNA appears to be in the middle of a W3 with a .786 breakout target of 59-60

NUGT – NUGT is in a zigzag w2 which needs to hold .618 support at 14.5..if it can hold that level and break above 18.5 it would setup a W3 to the 22-24 level

IBB – If IBB takes out the top of the B at 112 or 1.00 it would setup a full reversal back over the all time highs in the 120’s..

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