Cotton Sending Mixed Signals

Cotton considered to a be a cash crop in commodity space.This is sending a mixed signals if you look at the futures vs equity.Stay away until decision is made.

Futures:

1.c&h consolidation in 3 months frame break rally took almost to target of 220
2.Break trend with gap down looks like panic sell off
3.50% correction is already priced in or will it take us to next level shaded in white for potential buy signal.




Equities:

1.Cotton ETF which took same path as future market is going hand in hand until now.
2.Here the trend is intact, And right at the buy point with volume confirmation shaded in white

Will the future market derail this ETF as broke the trend and looking for considerable support ? This is a wait and watch game.My personal feeling is a panic sell off for deep correction in a shorter time space but eventually hold this trend.