10/27/16 ETF Elliott Wave Update: $TQQQ $UPRO $IBB $NUGT

TQQQ – 124 would be downside A = C target in a zigzag, but a full 1.618 W3 would target as low as 120

UPRO – 69 would be downside A = C target in a zigzag, but a full 1.618 W3 would target as low as 66-67

IBB [ms-protect-content id=”61,117,1559″] – Stuck in a sideways mess..a very long sideways 4 before 5 down..needs to break 271 to prevent a downside 5th wave to the 255-257 range.

NUGT – Broke below previous A wave support at 13, could see 11.5 in a full 5 down.
[/ms-protect-content]