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

NUGT – You think it’s 5 waves down and NUGT goes and breaks 618 support on another gap down..this thing is getting toxic ..fast

IBB – IBB completed a zigzag intraday and reversed..if it breaks 302 it would setup a W3 to 330-340

TNA – [ms-protect-content id=”61,117,1559″] TNA formed 5 waves down and reversed..the full 618 retrace would bring back to 109-110 short term

FAS – FAS formed 5 waves down and reversed..if it takes out 49.5 it could see 50.5 quickly [/ms-protect-content]