11.22.16 Elliott Wave Updates For ETF’s: $NUGT $IBB $UPRO $TQQQ

NUGT – Each bounce has been sold into and I’m still expecting a test of $6 a share in the coming weeks..that would complete a full ABC zigzag..

IBB – IBB is forming a full zigzag, and it looks like it may have to test a full C wave low at 277-278 before any kind of reversal

UPRO – [ms-protect-content id=”61,117,1559″]It could be either 5 waves up or a minor pullback before a continuation of a W3..I have a target of 86-88 on a 3rd wave

TQQQ – Either 5 waves up like UPRO or this pullback will be bought and race back to the highs again…133 is the 3rd wave target [/ms-protect-content]