S WAVE CHARTS

[snootmagruder]

4 charts, NAMO is at a top, VIX is at a bottom and RUT and SPX show what seems like the way to me. The last couple weeks was a ending c wave and the next 3 moves shown will be increasing degree c waves and lots of volatility. The final down wave is shown as not producing a lower low as last Dec and the entire wave pattern shown will be a butterfly looking reverse head and shoulder
***Fed Reserve announcement Wed will be a market mover.***
I think RUT has too far to go to complete the up move short term and also, I think SPX is too overbought to breach the triple top, therefore the nearterm drop seems to fit best.

http://c.stockcharts.com/c-sc/sc?s=%24NAMO&p=D&yr=2&mn=6&dy=20&i=p98294223771&a=238666069&r=1568470947380

http://c.stockcharts.com/c-sc/sc?s=%24VIX&p=60&yr=4&mn=6&dy=0&i=p42839583122&a=227142001&r=1568470803952

http://c.stockcharts.com/c-sc/sc?s=%24RUT&p=120&st=2016-01-01&en=2020-02-28&i=p08795672726&a=495343342&r=1568470433943&r=1568470848434

http://c.stockcharts.com/c-sc/sc?s=%24SPX&p=60&st=2018-01-01&en=2020-02-28&i=p74455687889&a=256257406&r=1568470454482&r=1568470770747