Caution on TrapsUS SPX 500 CashEIGHTCAP:SPX500rsitradesWe are at an important point where most traders are now seeing the market is waiting to breakout either to the upside or downside. My guess right now is a false break above Friday's highs, get close to the Bollinger band and then reverse hard to 7200 area. I still believe the entire structure is a B wave but it may take a little more upside to complete. I go through the other markets as well. Good luck!