[12:35PM] Short Term Look at ETF’s: $TQQQ $UPRO $NUGT $IBB

TQQQ – TQQQ appears to have completed a W2 ABC flat going back 2 months and a simple break of 128 could setup either a W5 to 145-150 or a W3 to as high as 180-190(!) in a W3..

UPRO – UPRO appears to completed an ABC zigzag going back 2 months and a simple break of 73 could setup a W5 to as high as 85-87 or a W3 to as high as 98-100(!)

NUGT – [ms-protect-content id=”61,117,1559″] The disastrous slide we’ve seen in NUGT could be near an end on a 5th wave but it needs to take out 20 minimum to prevent further damage..failure do break that level in the coming weeks would cause it drop to sub-10 levels.

IBB – IBB needs to hold 618 support at 260 after this long w2 down..if it can hold that level and break above 285 it could turn into an upward 3. [/ms-protect-content]