S WAVE CHARTS

[snootmagruder]

SPX and IWM, this is my alternate 60 min. My previous post was an attempt to follow the 30 min fork down to the 2250 target. That target doesn't have much support in some other indices. This chart has has the 2200 target falling on the end of the third week of April which is options exp week. Price rarely drops thru op ex week but when it does it generally has started to fall the previous week/weeks so this is possible.The purple down fork is funky, however following the 30 min chart would put the 2200 level way out to middle late may which The IWM chart becomes unworkable. The IWM and all the other indices I've checked can support this chart targets. There is a government spending budget that needs to done within a month and could be negative for market price.