The iShares Russell 1000 (IWF) snapped a 2-session losing streak with the late day peak reaching $176.06. Near-term and lower resistance at $176-$176.50 was cleared but held. A close above the latter would be a bullish signal for a retest towards $177.50-$178 and fresh record highs.
Current support is at $175-$174.50. A close below the $174 level would signal a near-term top with additional risk towards $173-$172.50.
RSI is trying to level out after holding support at 70. A close below this level would signal additional weakness towards 65-60. Resistance is at 75-80 with the latter representing overbought conditions from last week and January 2018.
