[ETF Watch] Quick Look At UPRO TQQQ GLD IBB

UPRO: UPRO got real close to breaking out above 1.00 this morning but failed and reversed..surprisingly..may fade into a full zigzag so my stop to buy is above 1.00 at this point.

GLD: GLD could have either entered an upward 3 or 5..a 5 would hit 110 max, but a 3 as high as 118..it looks more like a 5 than a 3 at this point however…

TQQQ: [ms-protect-content id=”61,117″] Acting like an ABC flat and worst case is a retest of 87.7 intraday to complete the C wave of that flat…

IBB: Really having a hard time bouncing at all here..but 5 waves down would have targeted the 255-260 range which is there right now.. [/ms-protect-content]

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