Here is IWM bouncing off of the 5ema while also in the process of confirming an Daily inverse head and shoulders pattern. The inverse head and shoulders will be confirmed once price breaks 199.53 and this could give IWM a chance for continuation to $205+.
Same as the rest of the market: Pullback to the 8D, then continue the rip. Confluent with backtesting the breakout area from last week.
It looks like we bounce here...