S WAVE CHARTS

[snootmagruder]

SPY, price has breached my red fork and is at the limit of this pattern now, but still within if price reverses now. I'm going to try to add some wave pattern rules, the two retrace values in green have the left which is the main "B" or can also be labeled as an "X" as just pennies larger than the b of C wave on the right and should remain larger. EDIT: Price will want to breach the 400 level and there is also a gap fill just above, this would be something to see a reversal.
http://stockcharts.com/c-sc/sc?s=SPY&p=60&st=2021-11-01&en=2022-07-29&i=p88716005681&a=350704571&r=1658487185156&r=1658487432186&r=1658487738336&r=1658487989637