Per the pre-closing update the Portfolio took profits on UPRO and QLD today. The Real Estate and Financial indexes have broken up through key resistance, but I expect initial resistance for the major indexes to result in a small pullback at least. A small neutral cash position to possibly find a better entry point either long or short.
The 60 min chart for the SPX shows what I believe to be the most likely scenarios. The blue count is that primary wave  is complete and primary wave  is underway as a resumption of the bull market to new highs. The red count is that Cycle Wave 2 is underway and will be a 3,3,5 flat for primary waves [A],[B]&[C]. Wave [A] is complete and [B] is underway. The second wave of [B], intermediate wave (B) is expected to begin in the immediate to near future. (The blue count can also mirror this count for the resumption of primary wave  of Cycle Wave 1).