Same pattern here that I covered in MSFT, CSCO, and ADBE. All are still consolidating at the breakout level, except for ADBE and IWM.
IWM is soaring higher today after finishing a short consolidation period at the breakout level of around $160. I put some Fibonacci lines to show how it bounced strongly off the top of wave 1 around $158.15.
Since that low on this morning of 5/16, it's rocketed up past $160 and is hovering around $161 !!
Bullish sign for the S&P 500 as well as Nasdaq 100. IWM has shown enough strength through this 4-5 month correction to lead in any major moves and as long as it it can maintain above $160 for a good amount of time, the other indices, as well as the other Triangle Breakout Pattern setups i've charted in Tech stocks, should be gearing up for more upside.