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

NUGT – If NUGT closes above 13 it would setup a W3 to the 16-18 range..that would be bottom of W2 before W3

FAS – FAS is approaching short term top of the W3 at 48..it’s travelled 1.618 X W1 in a W3

TNA – [ms-protect-content id=”61,117,1559″]TNA got W1-W2 into W3..highest target could be 123-125 on this formation and setup.

IBB – IBB broke major resistance at 290 setting up a potential W3 to the 320-330 range [/ms-protect-content]