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

NUGT – NUGT hit my 13-14 target on a W3, so at this point I’d back away and wait for a retrace before re-entering although it has a 50% chance of hitting 15-16 on this move before correcting

IBB – If IBB breaks 287 it would setup a W3 to the 320-330 range

FAS – [ms-protect-content id=”61,117,1559″] FAS is still trapped in a sideways 2, but a break of 43 would setup a W3 to the 50+ range

TNA – I have never seen a more sideways formation in any ETF or stock over a 2-3 month period and it’s a tough call on even on a breakout here [/ms-protect-content]