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

IBB – After the huge rally off of the election, IBB has pulled back in an ABC zigzag wave 2..if it can clear 289 in the coming week or two, it would setup a W3..highest target as high as 340-350(!)

NUGT – NUGT is still struggling in a 5th wave, and I still believe it can only bottom by testing $6 or the full ABC zigzag of the entire correction

UPRO – [ms-protect-content id=”61,117,1559″] A close above 78.5 would setup a full Wave 3 to as high as 86-88 on a 1.618 1-2-3 move

TQQQ – Best case scenario is this breakout we’re seeing is the start of a Wave 3 to the 145-150 range [/ms-protect-content]