I agree, but a close above the 2013-08-26 high would change the picture --> although this could be a fake brakeout and reverse lower at 169. Don't fight the trend. Until today the uptrend since 2012-11-15 is not brokenyet:
. I'm short in IWM with stop above the 08-26 high (https://www.tradingview.com/v/zMyRqmLF/), but long IBB (https://www.tradingview.com/v/oFnplUF1/).