S WAVE CHARTS

[snootmagruder]

Here's my SPX 30, price is back inside the big blue up fork, yet the smaller purple fork was what we were looking more closely at and price has retested the bottom at this point and if it fails and drops again it will be a good sign of more down.
There's guidelines for Andrews forks that are what I would call "old school" which says a fork rejection isn't confirmed until a line drawn from the origin anchore passing thru the secondary anchor and continued is breached, but that is far too far and vague for me.
https://stockcharts.com/c-sc/sc?s=%24SPX&p=30&yr=0&mn=7&dy=0&i=t6530366319c&a=307755350&m=o&r=1683298409523&r=1683298533020