10/28/16 Elliott Wave Look At ETF’s : $NUGT $IBB $TQQQ $UPRO

NUGT – Appears to have 1-2-3-4-5 down but worst case is a retest of 5th wave support at the 10.5-11 range

IBB – May have seen 5 waves down in IBB, but it would need to take out 271 to confirm it.

TQQQ – [ms-protect-content id=”3638,61,117,1559″] Lowest downside targets are 120 at a = c or 112-115 at the previous 4.

UPRO – A = C on the 3 month chart would target as low as 66-67 to the downside.