SPX Elliott Waves (SP500)

[gratitude]

Current Elliott Waves - mid week update
Market action yesterday was not indicative of an impulse down wave; it was more what i expect to see during a wave 4; therefore imo red a leg up might not be complete, and the market might prepare for a wave 5 up which could run for a couple of days before it starts red b wave down.
Therefore, i will close my long term puts at the opening for a small gain and wait for the market to become more clear. Even if the market is heading down, there will be many opportunity to short it again down to 2775. At this point is better to be safe by protecting the capital than be sorry.