I was wrong about the e-minis being a blowoff top on Friday. It was, as Kenny suggested, a "third of a third". So I constructed an e-mini count and indeed the only portion where there is no overlap was on Friday's close. 937 might be the high as the 15 minute candle sports a very nice shooting star.
It should be a very violent opening on the cash index of course. Bulls goals are to squeeze the shorts on opening and close the massive open chart cash index gaps that exist from 924.6 (recent) to 934 more or less going back to the island top in early January.
The 200DMA sits at 928. The pattern appears to be a 5 wave move after a triangle on the e-minis. Together the whole thing would be a 5-3-5 zig zag.
The other potential is that it is wave 1 up after a breakout. Wave 2's should retrace and usually there is a triangle upper trendline backtest of some sort.