10/24/16 Elliott Wave Update For ETF’s – $NUGT $IBB $TQQQ $UPRO

NUGT – A break of 15.5 this week would setup a reversal move back to as high as 18-20 on a 1.618 W3.

IBB – IBB needs to take out 282 or 786 of the downward 3..if it fails to do that short term, a full 5 down would target the 252-255 range.

TQQQ – [ms-protect-content id=”61,117,1559″] A break of 128.5 to the upside in TQQQ would setup an upward 3 to as high as 145-150 after a zigzag W2.

UPRO – If UPRO can take out 72 this week, there’s a chance that it could challenge upward B resistance at 75.