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

NUGT – NUGT may have already seen an early Jan effect bounce already, so it might be premature to jump in due to the fade it’s seeing today

IBB – Worst case for IBB is a break below 260…that would setup a retracement of the entire election rally back to 247-250

FAS – [ms-protect-content id=”61,117,1559″] FAS is sitting on an ABC flat formation and hasn’t really gotten massacred as bad as the overall market has been getting

TNA – TNA is a minor sideways ABC flat like FAS and appears ready to reverse and breakout [/ms-protect-content]