Image Source: I believe it will take additional time before we know and can chart the outcome from today’s end of quarter expirations and rolls. completed rolling the larger “collar” out to the December 31st expiration. So, far, it appears that the action itself released some volatility and a lot of gamma with the market quickly moving back to where the call was coming in today. It will be a greater interest tomorrow to see if the “risk on” trade will pick up again. I flipped the labeling to show the more bullish view which is the markets are moving higher within ongoing Minor 5th waves. However, while I may lean into the view shown today, I am still leaving open the potential for the other view to still be in process.Video Length: 00:31:58More By This Author:S&P 500 Elliott Wave Weekly UpdateNasdaq 100 & S&P 500 Elliott Wave Update – Thursday, Sept 26Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, Sept 25
