From the posture of the IWM intraday & daily charts, it seems likely that this will prove to be a wedge overthrow which is a breakout in the opposite direction of that expected from a rising wedge (downside) which is typically followed by a sharp reversal & downside break of the wedge. Only time will tell but I am considering reinstating the official stop of a close above 130.90 & will may that decision soon. QQQ is also at the 118ish resistance level while also backtesting this rising wedge pattern on the 15-minute time frame.