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

NUGT – Worst case scenario is a full ABC zigzag back to 9, but after that I could see a W3 up forming after a W2

IBB – IBB might be forming the 5th wave down after an impulse down..which means a 618 reversal is near

TNA – [ms-protect-content id=”61,117,1559″] Trapped in a long long sideways W4 or W2, but appears to be near the end of the C wave

FAS – ABC zigzag could complete as soon as today before a 618 reversal [/ms-protect-content]