[ETF Watch] 1.11.16 Elliott Wave Look At TQQQ UPRO IBB GLD

IBB – It’s been in a HUGE 3 from hell down, but it touched 2.618 at 282-285..looking for a 382 upward 3 retracement shortly, mostly because of how rare it is for a 3 to exceed 2.618, which in this case is that 282-285 range…382 would target around 302 on a W4 bounce.

TQQQ – 80-83 would be 1.618 down as TQQQ has surpassed A = C by a big margin…expecting the downward 3 to hit near those levels before an upward 4 382 bounce.


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