Image Source: PexelsI guess that good feeling that the market had finally let us all know what the probable path was had an expiration date of 12 hours! Wednesday’s declines were engulfed by today’s rallies. However, I did shift to one of my “alternate” views and gave the potential paths for tomorrow and what the EW labeling would be in place. Let’s see how long this one lasts before getting decimated. Hopefully to the top of the “X” wave.It truly does come down to understanding outside of skewed data and rumors what has the power to create a tsunami of sellers or buyers. The answer does lay within the flows – Money, Options, and Gamma. Knowing where those levels sit and is the size medium, large, or super-sized will determine the power of the tsunami and give you clues as to direction and strength. Tomorrow is an options expiration – there isn’t any economic data due to be reported.Video Length: 00:29:08More By This Author:Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, Aug 7Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Aug 6Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Aug 5
