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

TNA – TNA completed a W2 zigzag intraday and appears ready to reverse in a 618 move by the close

FAS – FAS needs to hold 618 support at 49 to prevent further damage in a C wave

IBB – [ms-protect-content id=”61,117,1559″]IBB broke all resistance and appears ready to move in a 1.618 W3 to 330+

NUGT – NUGT is getting slaughtered today but it appears to a 5th wave down before a reversal [/ms-protect-content]