UPRO (S&P Triple ETF) – Entered the worst case scenario..at least a C wave down has formed with a target of 60-61..but if it forms a full downward 1.618 X W1, W3 it would target as low as 56-57..this is setting up for a huge move down on this breakdown 15 mins ago, so take a look at… SPXU if you want to short at this moment. (Inverse of UPRO)
TQQQ (NASDAQ 100 Triple ETF) – Worst case scenarios: C or 3…a C would target as low as 112, but a 3 a slow as 108-109 back to the low of the original A wave move…SQQQ would be a good choice here at this very moment (Inverse of TQQQ)
The content you are trying to access is only available to members. Sorry. Please Click Here To Register.
IBB: A break of 322 would setup a full C to as low as 310, or a downward 3 to the 287-290 range..it’s leaning dangerously towards breaking important support at this very moment.