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

NUGT – NUGT went from zigzag and reversal to 5 waves down with the 5th wave in progress

IBB – IBB needs to break 292 to create a completed zigzag bottom and 618 reversal

TNA – [ms-protect-content id=”61,117,1559″]TNA appears to be near the completion of a zigzag but would need to break 109.5 to prevent a 5 down and create a 618 reversal

FAS – FAS gapped down in a W2 and may have to test 46.25 before any kind of reversal at the previous 4[/ms-protect-content]