iShares Russell 2000 ETF (IWM)

IWM breaks out of short-term ascending triangle late last week into early this week. Now working its way towards completing a two-and-a-half-year cup pattern. The pivot is currently the left side apex of the developing cup. Should a handle develop at some time soon, the pivot will shift from that left side peak to the apex of the right side of the cup. A take and hold of pivot would put a conservative target at $276. I am long this ETF.