8/4 11:30

The futures and cash markets frequently get out of sync.  This is one of those times.  You pick one and go with it.  The cash appears to be setting up for a 5th wave rally to culminate Minuette3 of MinuteC of Minor2.
I had been stating that Minute3 was culminating.  I am changing this to Minuette3 to keep within the structure above.  No change to prognosis, just the wave nomenclature.
The SP futures chart indicates a completed Minuette3 and therefore a call for caution.  However, I will trade the rectangle and buy a breakout above 10,712 DJI cash.