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

NUGT – NUGT may have seen the 5th wave low, but would need to get to at least 9.5 to get a .382 W4 bounce in place..that would put an end to the downward 3

IBB – A close above 303 would be a 1.00 break out after an ABC flat in IBB..this would setup a W3 to as high as 330-340 short term

FAS – [ms-protect-content id=”61,117,1559″] FAS may have completed the big zigzag today but would need to break above 49.25 to confirm it

TNA – TNA has completed 5 waves down but would need to close above 106 to confirm it