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

NUGT – NUGT completed a zigzag and is reversing off the lows..if it can take out 13.05 it would setup a W3 that would break 14+

FAS – FAS is approaching a 1.618 target of 47 in a W3, but long term this breakout would setup a move to the 60 range

TNA – A break of 110 to the upside would setup a W3 to as high as 120-122 at 1.618 in the short term

IBB – IBB broke 290 setting up a retest of 294 or the top of the B wave [/ms-protect-content]