IWM Ready to Top?

7:15 a.m. PST

The IWM looks like it wants to make another new high to 135ish. If it goes up to 135ish and then closes in the red today on volume, that would make a nice topping upthrust pattern. It also has negative divergences on the daily and 30 minute time frames. Open red, new high, close red is a common interim topping pattern. Support at 133.57.

Or maybe we will inch higher into the Fed meeting next week.

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