12.27.16 Elliott Wave Updates For ETF’s: $FAS $TNA $NUGT $IBB

FAS – FAS is close to breaking the top of the B wave at 42.50, and if that breaks that would setup a continuation of a Wave 3 to the 45-47 range

TNA – A break of 107.50 would setup a continuation of the big Wave 3 that started a couple months ago..highest target 140

NUGT – [ms-protect-content id=”61,117,1559″] NUGT in the $3-$4 range is ideal before the Jan effect bounce..or the last price of the year 2016

IBB – 277 is a tough level to break and needs to break for IBB to break out of the zigzag [/ms-protect-content id]