S WAVE CHARTS

[snootmagruder]

Happy Family theory is the rule for now, COMPQ and NDX needs to take out the Dec 2018 low as some other members already have, RUT,NYA, and INDU. NDX still has about 20% drop to do which would put SPX down to 2100 or lower. The wave down we're in is a "C" wave and typically is (or looks) like a five wave structure and I put a dotted red line as a possible likeness

http://stockcharts.com/c-sc/sc?s=%24NDX&p=60&st=2018-12-03&en=2020-04-30&i=t9302234505c&a=206458422&r=1584116492352&r=1584116674739

The recent move has cleared up some uncertainty with my interpretation of the wave pattern from 2009. I see the finally of this down move completing the "B" as shown in the SPX chart below and the start of the final "C" up which will be yet to be seen how far and long it goes. The "A" although it looks small in the chart nearly doubled the SPX value and "C" should probably do something similar.

http://stockcharts.com/c-sc/sc?s=%24SPX&p=240&st=2009-01-01&en=2021-12-31&i=t1333255756c&a=694736817&r=1584117223342