S WAVE CHARTS

[snootmagruder]

SPY 1 hr chart: the simple down forks are messy and can't be trusted. There's a black dotted down channel that's holding still. The two large up forks (blue anchored to Mar, 2020 and the green with the anchor looking for more of a centerline) of the pattern shows yesterday's move up looking to tag the ML of the green fork. If we go up more today it will affect these and need to move a bit. If the upper black dotted channel gets tagged (we're below it now), we'll probably need to pierce it some as well. The bottom target now has moved up to 390
http://stockcharts.com/c-sc/sc?s=SPY&p=60&st=2020-01-01&en=2022-04-29&i=p64027915769&a=350704571&r=1647507102921&r=1647507741255