If IBB is able to finish below resistance at 148, it will post a daily reversal bar.

Original upside target was the 150-area.  Looks like at this juncture, 149.31 may be all there is.

Hourly chart of IBB with notes, below.

Positioned short (not advice, not a recommendation), via BIS and LABD (separate accounts).

Stop:  BIS 24.64, LABD 27.63

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.