You might be looking at clay, nicely waxed over. Did you 'rinse' between the 'clay, polish' and the 'then wax and buff'?

BTW: when do I really need to clay, or for that matter even wax? My '99 and 05' Chrysler products are kept in the garage, along with an unopened bottle of Meguiar's Gold Class, and I can still read the newspaper in both hood's reflections. When do I really need to crack the top on that bottle?