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

NUGT – NUGT needs to hold support at 12 or it may get a full C wave back to the 11-11.25 range

TNA – Nearly completed a zigzag, but would need to cross 110 to get out of the W2 ABC

IBB – [ms-protect-content id=”61,117,1559″]If IBB can cross 296 it would setup a 4-5 to the 310-315 range

FAS – Nearly completed a zigzag and a move over 47 would setup a W3 or W5 [/ms-protect-content]