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

NUGT – NUGT is stuck in a very sideways W2 zigzag, and needs to hold 618 support at 8.52 to sustain the recent spike

IBB – IBB got A = C in a zigzag, but to remain within the framework of a zigzag would need to hold 294 to prevent a big downward 3

FAS – [ms-protect-content id=”61,117,1559″]FAS could have 5 waves down but needs to hold 45.75 to prevent a downward 3

TNA – Previous 4 support is at 104.75 and needs to hold that to remain in a zigzag [/ms-protect-content]