12.19.17 Elliott Wave Updates for ETF’s: TQQQ TNA $IBB $NUGT

IBB – Once close above 107 would setup a W3 to 115+ but a previous 4 test on a W2 would retrace back to 104-105

NUGT – NUGT is in the middle of a Jan effect bounce that could take it back to the mid to low 30’s

TQQQ – [ms-protect-content id=”61,117,1559″] Worst case is a full ABC to retest 138-140 on a W2 or W4 correction

TNA – TNA needs to hold support at 69 or it may retest 65-66 in a w2 [/ms-protect-content]

Leave a Reply