Please note, that option #1 (drop to 2728) is still a potential outcome. SPX needs to go above 2965 to completely cancel this option. Also, a market dip below 2912 will give bulls a warning, and a dip below 2875 will cancel the bullish option. All these are low probability, but still on the table.
And if you now wonder how to make money with all these potential options still on the table: well, it is kind of easy, what I did was to buy sep. 299 and oct. 306 calls which would hopefully give me a 3-5X the money I paid for them, and I protected them with july 12 292 puts (20% of the money I put in calls). If the spx keeps going up, I multiply the money 3-5 times in 1-2 months, if it turns down, it will do it over the next 2 weeks and my puts will probably grow 5x in value so no money will be lost (plus i will still have the long term calls which I coud recover along the way).
Do not use Elliott waves for short term trading - they work properly for longer term trading (i.e. 2-3 months is the best)
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