S WAVE CHARTS

[snootmagruder]

3 charts, We should have a fast drop to start the week.My charts have a bit of discrepancies with the target as a percentage with INDU 4%, RUA 3% COMPQ 5% SPX somewhere in that group with the ideal fork pattern being the gap fill at 1950. We should take out the 1993 previous low minimum, and if we reach the red descending TL we should go to the 1950 gap fill. INDU has the pink TL and the previous Sept high that needs to fall. RUA has the best chart clarity IMO with a 3% drop due, then a blow off top to the Jan 26 top. The pink ascending TL needs to be taken out on that run to the top and the big red down forks on all my charts seem to happy with that date and would align with another rate increase at the FOMC meet at that time.