IBB-
If you look at this Index, it appears to have just about completed a correction off of a head and shoulders top(neckline=141, about 148, predicted correction(148-141)=7, correction bottom(141-7)=134; today's low 134.87. This also corresponds to the sma100(135).
However, it's not quite there yet, and these things tend to overcorrect.
Rough Trade...