I see an inverse head and shoulder pattern. End of day headlines will read: Dow had been down over 300. But recovered and closed down blah blah.
Convergence of MA's at 2750 cash seems/seemed like a magnet, along with how much that will juice the VIX higher. Payrolls week invariably has weakness thru mid-week then usually an orgy of robo-buying on Friday.
VIX spikes 27%, market does its one-day wonder correction (remember the few of them in 2016-17)?, then the VIX drops faster than ES rallies and kills the calls and the puts simultaneously.