The weekly chart for the IWC looks much more bullish than the daily chart, and suggests a test of the 50dma on the weekly chart is occurring. If that fails, microcaps (and likely bigger cap stocks) are perhaps in for a more serious correction. It's hard to tell.
This is one powerful bull market, as shorts and bears have found out the hard way. And we know that historically (and to a certain extent immorally due to profiteering) wars are actually "good for stock markets" as many analysts know (i.e., markets not directly in harm's way).