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

NUGT – Could form a 3rd wave on a break of 13.40 with a target of 18-20

TNA – Formed 5 waves up into a corrective W2 which may see 106 on a zigzag

IBB – [ms-protect-content id=”61,117,1559″]IBB is correcting in a W2 which needs to hold 289-290 to prevent a full 618 retrace

FAS – Formed 5 waves up into a zigzag W2[/ms-protect-content]