7/20 2:10

The SP futures 30-minute, 92-unit M/A will only be broken on the upside when a 30-minute close is greater than 1068.50.  Let's see the 12:30 close to see if this will hold.
The cash DJI 5-minute, 380-unit M/A should be resistance.  Unfortunately it's envelope is very wide, so any new high should get me out.  Friday I held long all the way to the critical support, which proved to break. No repeats.
I1 is marginally positive through Wednesday, so this is strictly a downside trend trade.  With the 5-minute, 380-unit last signal being a sell this paves the way for short trades, but without the I1 wind behind my back I won't be mystified if it does not work out.
Here is the current count, I'll provide count perspective after the close.