S WAVE CHARTS

[snootmagruder]

SPY 1 hr: I have the same chart as last with only a later target date. The upper tine of the purple down fork needs to be tagged before going down into the final low. At least 420 If it takes until the end of month, a little higher if sooner. We can talk about final lows beginning of next month. I saw TRAN made a sharp down move which was one issue I was looking at recently, TRAN had a bottom target seemingly too low and now it's more in line
http://stockcharts.com/c-sc/sc?s=SPY&p=60&st=2021-11-01&en=2022-05-31&i=p35796866464&a=350704571&r=1653042345073&r=1653042443842