S WAVE CHARTS

[snootmagruder]

SPY 60, I often ignore SPY in favor of the SPX chart, yet this chart is looking really good. The blue and green up and the orange down forks are all at orthodox anchor points with perfect tags. The red down fork seems like the 220 high is right, however the time frame is questionable. The triple tops on RUA,WLSH,NDX seem way too steep at a JAN 26 top, NYA has one that could take us out into Feb.
There's a pair of light blue dotted equal length parallels, one for "W" wave and the other for "Y" wave ending at the green ML in less than a week which is interesting and could possibly be evidence of an unbelievable top at the JAN 26 date, however the W wave was after an even steeper drop than current one and to go that much farther than W did seems unlikely at that pace.