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

TNA – TNA broke 1.00 and appears to have entered an upward 3..but it’s found resistance at 113 for weeks so that’s the reason I sold my position

FAS – FAS broke out in a big way today in an upward 3 with potential to hit 60+ short term

IBB – [ms-protect-content id=”61,117,1559″] IBB broke above the top of the B setting up a W3..highest short term target would be 330

NUGT – NUGT found short term support in an upward 4, but may have to see a 5 down before a full 618 reversal [/ms-protect-content]