S WAVE CHARTS

[snootmagruder]

SPX 60, monthly and RUT 60: Notes on the chart with some explanation of my thoughts trying to make the wave pattern make perfect sense. The trading range mess of 2015 March to July should not be a topping wave, but a "B" making a new high. The note showing the previous wave top can be either without changing the ML. Our current position shows a tag of price to this ML and now predicted to fall to 2142ish before going up to the 2300ish target.
The monthly chart shows the blue ML in the 2300 position waiting for a tag from underneath now.RUT at bottom shows the A,B,C in the dark green fork that is referenced in SPX 60 chart as " a believable a,b,c pattern" I'm not sure about either the down or top targets for RUT yet although the 1400 top is best for now.
All these targets rhyme with the necessary new high for the NYA index.
It would be expected that with the combined economic reports (durable goods yesterday was a big plus surprise) unemployment levels and a huge market run up that the Feds would raise interest at the Dec 14 announcement, maybe even a 1/2 point increase? I have the SPX chart timeline set at Friday, Dec 9
and only three days before the announcement. The recent big up week was 5 days for 99 points and the predicted 160 points should take at least 8 days with the same velocity.