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

NUGT – Despite today’s fade NUGT appears to headed towards that 13-14 target I’ve been looking at in a W3..it broke above 1.00 setting it up..

FAS – FAS dropped 5 waves down and reversed above .618 at 42.22 today..if we close above 42.22 that would setup a move back over 43-44

IBB – [ms-protect-content id=”61,117,1559″]IBB is sitting at A = C of another zigzag following the previous zigzag, and needs to reverse here and hold support at 262 to prevent further damage

TNA – TNA nearly broke 786 of the C wave at 104..if it can close above 104 that would setup a move back to the all time highs [/ms-protect-content]