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

TNA – TNA appears to have broken out finally out of the long sideways pattern and could be in a W3..based on the size of the W1, 170-180(!) could be the target based on the formation…5th wave would be 120-130

FAS – FAS could be in a 5th or 3rd wave..5th wave would cap out at 50-52, but a W3, 68-70(!)

NUGT – [ms-protect-content id=”61,117,1559″] NUGT is still stuck in what appears to be a deep W2, and I’d only be a buyer if it broke past 13.50

IBB – IBB needs to break 292…if it breaks that level it would setup a Wave 3 to the 310-320 range