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

IBB – IBB broke 300 setting up a W3..over the top of the B..A W3 could target as high as 330 from here

NUGT – NUGT formed 5 waves in a C wave so a reversal is possible here in a 618 move

FAS – [ms-protect-content id=”61,117,1559″]FAS is correcting in a mild zigzag but would need to take out 48.25 to setup a W3

TNA – TNA may need to retest 106 in an ABC flat before any kind of reversal [/ms-protect-content]