IBB…169.20 is where the rubber meets the road in this Index.
There are resting stops below, which could lead to a test of 165.60.

This has been the strongest Index over the past few years. It shows
what technicians refer to as a “stranded close“, with the lower gap opening today.  It’s now in re-trace mode.

Keep this on your radar for the downside technical areas as it will have an impact on the other Indices.