VE Day Levels to Watch

In light of the post-jobs number gap up today, the small caps in the IWM, ETF for the Russell 2000 Index, are focused on the highs from the last day of April.

Specifically, on the 30-minute chart, below, note the significance of the $123.40 area, as being the next hurdle for buyers to clear. In addition, with the massive gap higher in the S&P today, it may very well be the bears' last chance to stem the tide to prevent another round of new highs on the indices going forward. 

In addition, I charted MNKD on Stocktwits earlier as putting in a potential major reversal candle today, worth watching this afternoon to see if the "hammer" upside reversal holds.