September 15, 2016
[ETF Watch] Quick Elliott Wave Look At TQQQ UPRO GLD IBB
TQQQ – Off the 10 day low, TQQQ may have W1, W2 only if it can hold 618 fibonacci support at 112..first wave would be 109 to 117.5 and W2 retracement appears to be happening now. MUST hold 112 and break 116 to setup an upward 3.
UPRO – 59.5 to 64.80 appears to be W1 off the 59.5 low, and a W2 retracement would need to hold at least 61.25 in the coming days and break above 63.5 to setup an upward 3…